According to a source with knowledge of the matter, Halifax Investment Services, an Australian investment management company, has gone into administration,
Investigation
Finance Magnates checked the company’s website, and discovered that it is offline:
The website of the Australian Securities and Investments Commission, that country’s financial watchdog, confirms that the firm is in into external administration:
About Halifax
Sydney-based Halifax Investment Services is a subsidiary of Lloyds Banking Group. Its CEO is one Andrew Baxter. According to his LinkedIn profile, Baxter is also the CEO of two other entities – Australian Investment Education, which offers trading courses, and Grange Capital Management, a “Boutique Investment Manager” which doesn’t appear to have a website.
In 2013, the American Commodity Futures Trading Commission sued Halifax for illegally soliciting people in the US. The company removed the US as an option on the site shortly afterwards.
Exclusive: Halifax Investment Services Has Gone Bust
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