A NSW-based financial services provider that is in liquidation has had its licence cancelled by the corporate regulator.
In a statement, ASIC said it had cancelled the licence of NSW financial services provider Tailormade Financial Strategies.
The firm, which had been licensed to provide advice and deal in financial products since October 2014, had its licence cancelled on 9 April.
ASIC said the licence had been cancelled as the firm was in liquidation.
However, the regulator said the firm would remain a member of AFCA for a minimum of 12 months and would need to hold adequate PI cover.
FASEA has conceded its guidance on scaled advice may not be legally reliable, ad...
A key super industry body has suggested the government’s forthcoming reforms t...
With rising compliance costs and more risks abounding for planners who try to be...
Get notifications in real time and stay up to date with content that matters to you.
