May 16, 2018 BY Valentina Kirilova

ASIC cancels AFS license of Wealth & Risk Management

Australian regulator ASIC announced that it has cancelled the Australian financial services (AFS) license of Wealth & Risk Management Pty Ltd (WRM). On 9 February 2018, the Federal Court of Australia, in the matter of ASIC v Wealth & Risk Management Pty Ltd (No 2) [2018] FCA 59, found that WRM breached numerous financial services…

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