Melbourne-based advisory and investment company Sonray Capital Markets has entered voluntary administration.
The administrators for the company, Ferrrier Hodgson, confirmed that the company had halted trading and entered voluntary administration last night. The principals of Sonray could not be contacted.
The company was established in 2003 and marketed itself as both an advisory and investment company, with its website stating that its “expert general financial advice and specialist knowledge allow our private advisory clients and high-net-worth individuals the ability to navigate the market in all market conditions, primarily in the areas of futures, equities, options, contracts for difference and margin foreign exchange”.
