ASIC has cancelled the Australian Financial Services Licence of a Perth-based securities dealer and financial adviser for breaching licence conditions.
“As part of the licence cancellation, ASIC imposed conditions that Stellar Securities for the next 12 months extend professional indemnity insurance and maintain its membership of an external dispute resolution service.”
ASIV is urging consumers “who have complaints about their dealings with Stellar Securities” to cotact the Financial Ombudsman Service.
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