‘Wholly deficient business’: ASIC mounts legal proceedings against ‘licensee for hire’ firm - Sydney Morning Herald

Around 60 financial services providers operated under the licence of Lanterne Fund Services, including entities linked to racing personality Tom Waterhouse and the TV show Shark Tank.

A Sydney financial licensee for hire business is being pursued by the corporate regulator for allegedly having no compliance staff and inadequate risk management processes, despite firms responsible … [+2120 chars]

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