The legal and financial woes of executives from collapsed Sonray Capital Markets Pty Ltd appeared to be piling up and this time they were being restricted from going out of the country. Several inquiries on their finances are being lined up too.

The Australian Securities and Investments Commission (ASIC) announced on Friday that Sonray chief executive Scott Murray has agreed not to travel out of the country without the expressed consent of the Federal Court.

The corporate watchdog said that Mr Murray submitted the undertaking to the Court in Melbourne, adding that the beleaguered executive also consented to an earlier order that he must provide ASIC an affidavit of his assets and liabilities.

Also, ASIC said that Sonray director Russell Johnson had surrendered his travel documents to the agency and equally agreed to defer travel plans outside of Australia without filing a prior 14-day notice of intention.

Ferrier Hodgson's John Lindholm ad George Georges were appointed as voluntary administrators of Sonray and three other associated firms on June 22 2010 following its collapse.

According to the administrators, initial investigations revealed that the broker had access to funds running into $65 million.

The brokerage company was incorporated in 2003 and a pioneer of Australian companies offering advice regarding contracts for difference (CFDs).

At its height, Sonray operated four trading platforms and maintained offices in Melbourne, Gold Coast and Rockhampton, where it employed more than 50 persons and attracted an estimated 3,500 clients.