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.


“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
ifa logo

Subscribe to the ifa bulletin

Receive daily online news,analysis, reports and business strategies
By signing up you agree to our Terms of Use and Privacy Policy

Website Notifications

Get notifications in real time and stay up to date with content that matters to you.