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The way I read the ASIC page: SMC are the original Licensee, the three entities below are their authorised reps. Nothing unusual about that. The only question that might raise is: Why run three different outfits that give the impression of separate "Trusted Advisors"? But that needn't be anything sinister either: Call it three "departments" that hold the license, which makes it easier to have changing staff members operate under the license, rather than running back to ASIC every time a consultant quits or joins new.


I did notice the date though: The SMC has been operating far longer than since 2009. I know that Jill has been training investors in the use of T/A software at least since 1999. Our paths crossed again in 2007. Of course, that may have been covered by a different licensing regime, if one had been required at all.


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