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| | | Keystone Asset Management will be liquidated, as ASIC investigates exactly what's happened to funds invested in the Shield Master Fund. Keystone Asset Management (KAM) was the responsible entity for the Shield Master Fund, the assets of which were ... |
| | | | ... business has lost its Australian financial service licence (AFSL) following its failure to comply with licensee obligation. ASIC revoked the AFSL of Next Generation Advice (in liquidation) (Next Gen) after the Queensland Supreme Court ordered the company ... |
| | | | The Federal Court has appointed new receivers and administrators to Keystone Asset Management, as ASIC attempts to identify where more than $100 million of investors' money has gone. The Federal Court appointed Jason Tracy and Lucica Palaghia of ... |
| | | | ... the financing of the company and other key issues. "This misalignment threatened the viability of the group." Last month, ASIC obtained interim orders from the Federal Court to freeze the assets of the Shield Master Fund, a registered managed fund overseen ... |
| | | | The Australian Securities and Investments Commission (ASIC) has obtained interim orders from the Federal Court to freeze the assets of the Shield Master Fund (Shield), a registered managed fund overseen by Keystone Asset Management. ASIC said it sought ... |
| | | | ... the Shield Master Fund due to concerns about misleading statements and inadequate disclosures in the fund's documentation. ASIC issued interim stop orders against Keystone Asset Management, saying it cannot offer, issue, sell or transfer interests in ... |
| | | | ... have transferred to another licensee. Birt sees a high demand for AFSLs, which, when dormant, can either be handed back to ASIC or sold to another party. Meanwhile, professional indemnity insurance can either be continued or commence on a new policy. ... |
| | | | ... Shane Fitzgerald began the journey to try and transform the LIC into an ETMF. Unfortunately, their timing was in-line with ASIC's review of the ETMF sector and admission of new active ETFs and ETMFs was paused while ASIC completed its work. The regulator ... |
| | | | ... perplexed the Commission is how could Australia's superannuation marketplace and financial system regulators APRA and ASIC have allowed a situation to develop where chronically underperforming super funds are able to continually defy gravity and ... |
| | | | ... massive transnational fraud. Not only would have the criminals avoided criminal prosecution due to the shear incompetence of ASIC but will now be finally let off the hook completely, in regards to restitution to the victims," he said. He added: "Only ... |
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