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Regulatory

ASIC freezes assets of First Mutual Private Equity

The Federal Court imposed urgent interim orders to freeze the assets of First Mutual Private Equity (FMPE) and its sole director Gregory Raymond Cotton, with ASIC concerned more than $50 million of investor funds is at risk.

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Read more: ASICFirst Mutual Private EquityFinancial StandardAndromeda FundFederal CourtGregory Raymond CottonAurora Fund