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Regulatory

ASIC cancels licence of Brite Advisors

ASIC has cancelled the Australian financial services licence of Brite Advisors after the now-defunct investment and pension firm failed to compensate a client, triggering a payout under the Compensation Scheme of Last Resort (CSLR).

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Read more: Brite AdvisorsASICCSLRAFCACompensation Scheme of Last ResortAustralian Financial Complaints AuthoritySECFinancial Conduct Authority