Business
ASIC sues ASX company for more than $100 million – Motley Fool Australia
Evans Dixon in hot water over financial advice given to clients regarding ASX-listed US Masters Residential Property Fund Unit.
The corporate regulator has taken a wholly owned subsidiary of Evans Dixon Ltd (ASX: ED1) to the Federal Court.
Dixon Advisory and Superannuation Services Limited faces allegations of not acting in its clients’ best interests and providing inappropriate advice.
The Australian Securities and Investments Commission (ASIC) also accuses Dixon Advisory of not dealing with a conflict of interest between its clients’ and businesses within Evans Dixon.
The specific allegations refer to 51 instances o…
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