ASIC has cancelled the Australian financial services licence of AAA Shares Pty Ltd (in liquidation) following a surveillance of the business.
Liquidators were appointed to AAA Shares Pty Ltd on the 22 January 2013. AAA Shares Pty Ltd was a national financial planning business.
It has the right to seek a review in the Administrative Appeals Tribunal of ASIC’s decision.
ASIC is not providing further comment on the matter at this stage.