The Australian Securities and Investments Commission (ASIC) has revoked the Australian Financial Services (AFS) license of Menon & Associates Pty Ltd.
The license was canceled on the basis that Menon & Associates Pty Ltd no longer carries on a financial services business.
ASIC can cancel an AFS license held by a person if the person ceases to carry on a financial services business.
Menon & Associates Pty Ltd may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.
The company holds AFS license 489148 since June 27, 2017.