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Regulatory

ASIC takes action against Guildfords FM, director

ASIC has cancelled the licence of Guildfords Funds Management and banned its managing director Robert Payne for their involvement in the collapse of Magnolia Capital Group.

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Read more: Guildfords Funds ManagementMagnolia Capital GroupRobert PayneAdministrative Appeals TribunalCorporations ActGuildfords Business ConsultantsGuildfords MarketsMagnolia Asset ManagementMagnolia Investment ManagementMitchell Atkins