ASIC has cancelled the Australian financial services (AFS) licence of James B Cogan.

The licence was cancelled because Mr Cogan is no longer carrying on a financial services business.

ASIC may cancel an AFS licence held by an individual if the person ceases to carry on a financial services business.

Mr Cogan may apply to the Administrative Appeals Tribunal for a review of ASIC’s decision.

Background

Mr Cogan held AFS licence number 247221 since 10 March 2004.