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Regulatory

LM liquidators get boot over conflict of interest

The Queensland Supreme Court has appointed a new receiver to oversee the winding up of LM Investment Management Limited's (LM) failed First Mortgage Income Fund (FMIF) after it found that its current liquidators had a conflict of interest.

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Read more: ASIC,  LM Investment Management Limited,  Ginette Muller,  John Park,  Queensland Supreme Court,  Regulatory,  April,  Australian Securities,  BDO,  David Whyte,  FMIF,  FTI Consulting,  Gold,  Investments Commission,  Queensland Supreme Court Justice Dalton,  Trilogy Funds Management Limited