Federal Court orders wind up of unlicensed SMSF firms
The Federal Court has ordered the wind up of two unlicensed financial services businesses which ASIC alleges provided direct property development investment opportunities to SMSF investors.
In a public statement, ASIC announced that the Federal Court has ordered the wind up of unlicensed SMSF financial services businesses, including Secure Investments Pty Ltd, and a property development investment firm called Aquila Group Pty Ltd.
Read more at SMSF Adviser.
