ASIC has cancelled the Australian financial services licence of Endeavour Securities (Australia) Ltd (In Liquidation).

The license authorised Endeavour to deal in interests in managed investment schemes and operate managed investment schemes for wholesale and retail clients.

ASIC cancelled the license because Endeavour is insolvent, under administration and is being wound up.

Background

Endeavour has held AFS licence no. 224972 since 11 February 2003.

Endeavour was the responsible entity of a registered managed investment scheme called the Investport Income Opportunity Fund. Linchpin operated an unregistered managed investment scheme, which was also called the Investport Income Opportunity Fund.  Endeavour and both of the funds were placed into liquidation in 2019 after ASIC action (19-065MR).