Broker Banned

ASIC has permanently banned a Melbourne broker and cancelled his credit licence on the basis of ASIC’s findings of recklessness on the part of the broker in submitting false or misleading documents in support of loan applications and failing to ensure its company complied with its Australian credit licence conditions and carried out its general conduct obligations under the National Consumer Credit Protection Act 2009 (Cth). See the ASIC media release dated 28 October 2015.

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