ASIC bans West Australian finance broker and cancels Australian Credit Licence of Element Finance Group
ASIC has banned Mr Tim Zheng, the director of Element Finance Group Pty Ltd (EFG), a West Australian mortgage broking company, from engaging in credit activities for three years. ASIC has also cancelled the Australian Credit Licence of EFG. ASIC found that Mr Zheng had acted recklessly in providing false documents in support of four …
