ASIC suspends boutique AFSL
The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services licence of Sydney based Australian Performance Financial Planning (APFP) for three months.
The suspension resulted because the company has been put under the control of an external administrator, which was put in place in February this year, ASIC stated.
ASIC said it will review the suspension within the three-month period to determine if it is still necessary. APFP has the right to lodge an appeal with the Administrative Appeals Tribunal.
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