ASIC cancelled AFS license of Valorton Capital Pty Ltd

Australian Securities & Investments Commission (ASIC) canceled the Australian financial services (AFS) license of Valorton Capital Pty Ltd (Valorton) on 19 Feb 2024. Valorton has not provided financial services since its license was obtained on October 27, 2022. As a result, the authority cancelled Valorton's license. This decision took place on February 14, 2024.

According to ASIC, Under subsection 915B(3A) of the Corporations Act, ASIC may cancel an AFS licence held by a body corporate if it does not provide a financial service covered by the licence before the end of six months after the licence is granted.

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Voltoro provides a full range of specialist advisory services relating to capital market and property development within the one, fully integrated firm.

About ASIC

ASIC is Australia's integrated corporate, markets, financial services, and consumer credit regulator. ASIC Act is to:

• maintain, facilitate and improve the performance of the financial system and entities in it

• promote confident and informed participation by investors and consumers in the financial system

• administer the law effectively and with minimal procedural requirements

• receive, process and store, efficiently and quickly, information we receive

• make information about companies and other bodies available to the public as soon as practicable

• take whatever action we can, and which is necessary, to enforce and give effect to the law.

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