Regulatory Alerts2025-09-11
Federal Court Freezes Assets and Appoints Receivers for Australian Fiduciaries Limited Entities
The Federal Court, acting on an application by ASIC, appointed receivers to freeze assets and investigate the financial conduct of Australian Fiduciaries Limited and its related entities. This action addresses concerns regarding the recoverability of approximately $160 million invested by 600 retail investors, specifically citing inadequate conflict management and suspected valuation failures. The receivers are mandated to report on the use of funds, resulting in liquidation or asset preservation orders for Australian Fiduciaries and 30 associated entities.
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