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ASIC cracks down on advisers over PI insurance

The Australian Securities and Investments Commission (ASIC) has cancelled seven Australian financial services (AFS) licenses that did not comply with professional indemnity (PI) insurance obligations.

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Read more: ASICAustralian SecuritiesInvestments CommissionFinancial PlanningAccountants PlusAFS licencesAFS licenses: C Greenfield & S GarlandCredit New Holland Group LimitedJohn Patrick McauleyMichael James DoughertyNeville Krynauw & AssociatesPeter KellStrategy Portfolio Limited