12 September 2012 6:54am

The Australian Securities and Investments Commission has become more aggressive in its campaign to shut down unlicensed brokers. It has taken a Sydney broker to court over repeated contraventions of the National Consumer Credit Protection Act.

The Federal Court ordered that the brokerage, EasyChoice Home Loans, stop advertising home-loan services and fined the director of the company A$7500 for advertising the provision of home-loan services in circumstances where the company was not authorised to do so.

EasyChoice did not complete its application for a credit licence, which...