ASIC cancels financial services and credit licences of Financial Circle
ASIC has cancelled the Australian financial services licence (AFSL) and the Australian credit licence (ACL) of Melbourne-based business, Financial Circle Pty Ltd. On 22 October 2018, the Federal Court found that Financial Circle breached numerous financial services laws and obligations, including engaging in unconscionable conduct and failing to act in its clients’ best interests. The …
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