The Australian Securities and Investments Commission (ASIC) has revoked the license of Trade Wind Financial Services Pty Ltd., effective May 26, 2021. ASIC also banned the company’s director Adam John Bevan for five years from providing financial services, controlling a financial services business, or performing any function in relation to carrying on a financial services business. Mr Bevan was the sole director of Trade Wind Financial Services Pty Ltd. between July 2017 and May 2020. ASIC found that Mr Bevan failed to act in the best interests of three Trade Wind FS clients and he was not the proper person for the position he took.