Tag: Golden Financial Group Pty Ltd

asic afs license
July 18, 2019 BY Valentina Kirilova

Golden Financial Group Pty Ltd's AFS licence cancelled

Australian regulator ASIC has announced yesterday that it has cancelled the Australian financial services (AFS) licence of Melbourne based financial services provider, Golden Financial Group Pty Ltd. The cancellation follows a period of suspension from 18 March 2019. The regulator has already shared its concern that Golden Financial was not complying with its general licensee…

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DFSA
October 30, 2017 BY Valentina Kirilova

NSG Services fined $1 million for breach of best interests duty

The Federal Court informed that it has imposed a civil penalty of $1 million against Melbourne-based financial advice firm NSG Services Pty Ltd (currently named Golden Financial Group Pty Ltd) (NSG) for breaches of the best interests duty introduced under the Future of Financial Advice (FOFA) reforms. This is the first civil penalty imposed on…

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