ASIC has cancelled the Australian financial services licence of AAA Shares Pty Ltd (in liquidation) following a surveillance of the business.

Liquidators were appointed to AAA Shares Pty Ltd on the 22 January 2013.

AAA Shares Pty Ltd was a national financial planning business.

AAA Shares Pty Ltd has the right to seek a review in the Administrative Appeals Tribunal of ASIC’s decision.

ASIC has no further comment on this matter at this stage.