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Regulatory

ASIC cancels Financial Services Group Australia's AFSL

ASIC has cancelled the AFSL of Financial Services Group Australia (FSGA), which has links to the Shield Master Fund and First Guardian Master Fund. FSGA's responsible manager (RM) Graham Holmes has also been permanently banned from working in the industry.

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Read more: FSGAASICFirst Guardian Master FundShield Master FundFinancial Services Group AustraliaGraham HolmesAdministrative Review TribunalAustralian Financial Complaints AuthorityFerras MerhiUnited Financial AdviceVenture Egg Financial Services