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ASIC cancels licence of Victorian SMSF advice firm

The corporate regulator has cancelled the licence of a Victorian SMSF advice provider that has exited the industry.

In a statement, ASIC said it had cancelled the licence of Victorian-based financial services provider Jyoti Rahman because the licensee was no longer providing financial services.

Jyoti Rahman had held a limited AFS licence to provide SMSF-related advice to retail clients since February 2017.

“Licensees that no longer need their AFS licence can apply to ASIC to have their licence cancelled,” ASIC said.

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“ASIC may also take action to cancel a licence when a licensee has ceased to carry on a financial services business.”

ASIC cancels licence of Victorian SMSF advice firm
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