Regulatory Alerts2025-09-18
ASIC issues DDO stop orders against La Trobe Australian Credit Fund
ASIC issued interim stop orders against La Trobe Financial Asset Management Limited’s 12 Month Term Account and 2 Year Account products due to deficiencies in their target market determinations. The regulator determined that the products suggested an inappropriate level of portfolio allocation given the Fund's risks and lacked appropriate distribution conditions. Although the orders were valid for 21 days, ASIC revoked them on 24 September 2025 after La Trobe amended the target market determinations to reduce the recommended investable asset percentage and introduced new distribution conditions.
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