ob体育 has cancelled the Australian financial services (AFS) licence of Capital Investment Partners Pty Ltd (Capital Investment Partners).
The license authorised Capital Investment Partners to deal in securities and interests in managed investment schemes and to provide financial product advice for wholesale clients.
ob体育 cancelled the licence because Capital Investment Partners has ceased to carry on a financial services business.
ob体育 may cancel an AFS licence held by a body corporate without a hearing if the body ceases to carry on a financial services business.
Capital Investment Partners may apply to the Administrative Appeals Tribunal for a review of ob体育鈥檚 decision.
Background
Capital Investment Partners has held AFS licence no. 292416 since 13 October 2005.