The Australian Securities and Investments Commission has suspended the Australian financial services licence of Longhou Capital Markets Pty Ltd, a financial services provider in Queensland, for a period of three months, expiring 12 June.

The suspension follows the appointment of Christopher Darin, of Worrells Solvency & Forensic Accountants, as the firm's voluntary administrator on 28 February 2020. Ten days ago, Longhou had 18 authorised representatives providing financial services on its behalf. These people were able to provide advice and dealing services in relation to securities, derivatives and other financial products. They must now cease activity.

Longhou has held AFS licence no 292464 since 17 November 2005. Before 15 April 2016, it was known as Avestra Capital Pty Ltd and then AG Capital Markets Pty Ltd.