ASIC sues Equity Trustees Superannuation for alleged role in $160m investment scheme

ASIC sues Equity Trustees Superannuation for alleged role in $160m investment scheme

Over 2023 and 2024, Equity Trustees oversaw the investment of retirement savings into Shield, which collapsed last year.

Watchdog’s move over $160m super debacle

Thousands of retirees’ savings were exposed to risky investments after Equity Trustees allegedly failed as a “gatekeeper”, triggering a major move.

ASIC sues first company over $1b super failures

The corporate regulator is suing ASX-listed superannuation business Equity Trustees for allegedly failing to conduct proper due diligence over the Shield Master Fund.

ASIC launches civil penalty proceedings against Equity Trustees

The Australian Securities and Investments Commission (ASIC) has commenced civil penalty proceedings in the Federal Court against Equity Trustees Superannuation Limited. The post ASIC launches civil penalty proceedings against Equity Trustees appeared first on FX News Group.