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Financial Planning

Diversa to 'vigorously defend' ASIC allegations

Diversa Trustees said it will be "vigorously defending" ASIC's allegations about the role it played in moving $300 million of member money to the failed First Guardian Master Fund, arguing the managed investment scheme was "fraudulent."

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Read more: ASIC,  AusPrac,  Diversa Trustees,  Falcon Capital,  First Guardian Master Fund,  YourChoice Super,  Australian Practical Superannuation,  Macquarie,  Member Assistance Program,  OneSuper,  OneVue Wealth Services,  Praemium Australia,  Praemium SMA Superannuation Fund,  Starlight Psychology,  Superannuation Industry Act