Business
Three fund REs revealed in ASIC marketing crackdown – The Australian Financial Review
ASIC’s review into fixed income fund marketing stemmed from concerns relating to an unnamed fund.
The four unnamed funds objected on several grounds. including that the release of their correspondence would cause unfair detriment.
They also argued that the public interest had been satisfied by the corrective disclosures and ASIC’s subsequently released information outlining the risks.
The documents reveal that the ASIC unit responsible for regulating investment managers undertook a project to find managers “similar to” an unnamed fund that may have been “actively engaged in advertising tha…
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