ASIC cancel's NextGen Financial Group's AFS licence
The financial advisory group can continue its operations only until April 16
Source: brokernews.com.au
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The financial advisory group can continue its operations only until April 16
ASIC has cancelled the Australian financial services licence of NextGen Financial Group, following the Federal Court’s order in November for the firm to be wound up in insolvency.
Cancellation follows court's insolvency order
The group can continue its operations only until April 16
NextGen Financial Group has formally entered into liquidation after losing a Federal Court case regarding an unpaid $270,000 Australian Financial Complaints Authority determination.