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United Global Capital to be expelled from AFCA

The AFCA board resolved at its April meeting to expel UGC as a member of the AFCA external dispute resolution scheme.

ASIC has cancelled the Australian financial services licence of Mr Hewish’s company, United Global Capital Pty Ltd (UGC).

ASIC has obtained interim orders from the Federal Court freezing the assets of financial advice licensee United Global Capital Pty Ltd.

ASIC has banned Sharree Grace Hutchinson, director of Funds United Pty Ltd, from providing financial services for six years.