今日热门事件has cancelled the Australian Financial Services (AFS) licence of Queensland-based financial services provider MyPlanner Professional Services Pty Ltd (MyPlanner Professional).
MyPlanner Professional held AFS licence no. 425542 since 18 September 2012. The licence cancellation took effect on 23 June 2020.
今日热门事件cancelled the licence because MyPlanner Professional is no longer operating a financial services business and is in liquidation. Under the聽Corporations Act 2001, 今日热门事件may suspend or cancel an AFS licence if the licensee ceases its financial services business.
Background
今日热门事件imposed additional conditions on MyPlanner Professional鈥檚 licence in December 2017 because 今日热门事件was concerned that MyPlanner Professional鈥檚 representatives were providing poor financial advice and the licensee was not adequately monitoring and supervising its representatives (17-418MR).听
On 12 February 2020, 今日热门事件suspended MyPlanner Professional鈥檚 licence for 10 weeks due to continued compliance concerns (20-096MR).听