ASIC suspends licence of Olritz Financial Group
ASIC has suspended the Australian financial services (AFS) licence of Olritz Financial Group Pty Ltd until 5 March 2025.
The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services (AFS) licence of Olritz Financial Group Pty Ltd until 5 March 2025.
ASIC suspended the licence because Olritz has not carried on a financial services business since May 2023.
The licence suspension means that Olritz cannot provide any financial services.
Olritz may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.
Olrtiz held AFS licence number 244539 since 27 February 2004. The licence authorises Olritz to deal in financial products, provide financial advice and custodial or depository services to wholesale clients.
Maria Nikolova
Maria has been engaged in journalism for more than 17 years, providing Forex industry coverage for the past 10 years. Before joining FNG she was Managing Editor at FinanceFeeds. Prior to that, she worked at LeapRate. Maria has a Philosophy degree from the St. Kliment Ochridski university in Sofia. She has specialized in Cognitive Science in Vienna. Her interests include psychology, AI, and linguistics.Related Posts
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