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ASIC suspends licence of HLK Group

Maria Nikolova 0 Comments July 2, 2024

The Australian Securities and Investments Commission (ASIC) has suspended the Australian financial services (AFS) licence of HLK Group Pty Ltd.

The suspension is for a period of six months and will last until 27 December 2024.

The AFS licence was suspended because HLK Group has currently ceased carrying on a financial services business.

The AFS licence authorised HLK Group to provide financial product advice to, and deal in various financial products for, retail and wholesale clients. Currently HLK Group has no retail or wholesale clients.

HLK Group has held AFS licence no. 435746 since 31 May 2013.

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.