CFD

Sonray Capital CFD Broker Collapse


Sonray Capital collapsed last month owing 4000 investors about $47 million. Named using the last three letters of its co-founders surnames, Russell Johnson and Scott Murray - "son" and "ray" -- the firm was set up in 2003 as the sharemarket was starting to fire. It is understood that the pair drew salaries of $120,000 a year each, but the company had a high staff turnover rate.

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