ASIC has cancelled the Australian financial services licence of wholesale service provider Dunfo Capital.
Dunfo Capital has had its Australian financial services (AFS) licence cancelled for failing to comply with a number of obligations as a licensee, an ASIC-issued statement said.
“In February 2015 ASIC suspended Dunfo Capital’s AFS licence for six months in order to provide Dunfo Capital with an opportunity to meet its legal obligations and licence conditions,” the statement said.
However, the regulator stated that the firm failed to demonstrate these requirements and the cancellation of its licence was therefore effective as at 28 August 2015.
The firm is also known as Eagle Aetos Capital and has previously been known by names including, GSM Financial Group, Forbes Treasure Capital and Forbes Capital.
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