It is understood that Jindi Group is a foreign exchange company registered in New Zealand, claiming to be mainly engaged in online foreign exchange trading, gold trading, spread contracts and other businesses. ASIC recently announced that the publicity content of the company's website was untrue and was suspected of misleading traders.
ASIC recently focused on cracking down on illegal operations of foreign exchange margin brokerage companies. Monarch FX Group, a foreign exchange trading company, and its former director and general manager Quinten Hunter were banned by ASIC for four years for operating without a license. Enfinium Co., Ltd. was revoked its financial service license due to improper risk management.