The corporate regulator has cancelled the AFSL of wholesale service provider Dunfo Capital.
Dunfo Capital's AFSL has been cancelled because the provider failed to comply with a number of its obligations as a licensee, an ASIC-issued statement said.
"In February 2015 ASIC suspended Dunfo Capital's AFS licence for six months in order to provide Dunfo Capital with an opportunity to meet its legal obligations and licence conditions," the statement said.
However, the regulator stated that the firm failed to demonstrate compliance with these requirements and the cancellation of its licence was therefore effective from 28 August 2015.
The firm is also known as Eagle Aetos Capital and has previously been known by names including GSM Financial Group, Forbes Treasure Capital and Forbes Capital.
The Joint Associations Working Group (JAWG) has put forward “core principles” to improve the pathways for new advisers ...
The FAAA says it has “reservations” about extending performance testing to retirement phase products beyond ...
Financial advisers can now access Vanguard’s diversified managed account strategies on HUB24 and Netwealth, marking a ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin