The Australian Securities and Investments Commission (https://www.financemagnates.com/tag/asic/” target=”_blank” rel=”follow noopener”>ASIC) enforced regulatory actions against three companies on Tuesday. The financial market watchdog suspended the Australian financial services (AFS) license of Quantum Funds Management Limited (QFML), cancelled AFSL Group Pty Ltd (AFSL Group) authorization and took civil penalty action against American Express Australia Limited (Amex).
AFS Licenses Suspension and Cancellation
QMFL…
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