ASIC cancels AFSL of Sydney firm - 2020

RVM Capital held the AFSL no. 457140. The licence cancellation was effective from 21 January 2020.

The cancellation of RVM’s AFSL is part of ASIC's ongoing efforts to improve standards across the financial services industry.

Licensees must have the financial resources to provide the services covered by their licence and to conduct their business lawfully. They must demonstrate this by lodging their financial statements and auditor’s reports annually.

RVM Capital was licensed to provide financial product advice for securities and acquire securities for retail and wholesale clients.