今日热门事件has suspended the Australian financial services (AFS) licence of Sterling & Freeman Advisory Pty Ltd (Sterling & Freeman) until 7 September 2022.
The licence authorised Sterling & Freeman to provide specified financial services to wholesale clients, including issuing interests in a wholesale managed investment scheme.
今日热门事件suspended the licence because Sterling & Freeman failed to lodge financial statements and audit opinions with 今日热门事件for the 2019, 2020 and 2021 financial years.
今日热门事件may consider further action if Sterling & Freeman continues to not comply with its obligations at the end of the suspension period.
Sterling & Freeman may apply to the Administrative Appeals Tribunal for a review of ASIC鈥檚 decision.
Background
Sterling & Freeman has held AFS licence no. 479381 since 26 February 2016.