ASIC tells fund managers to be ‘true to label’

one responsible entity withdrew misleading promotional materials on their website and subsequently wound up its fund.

Clarification

ASIC should be asked to disclose which fund this was. If it is the IPO Wealth Fund, then it proves the winding up of the IPO Wealth Holdings group was not for the reasons set out in the trustees court application but because of ASIC. Mayfair 101 encourages investigative journalists to find this out. We are happy to proven wrong of course however if true, this would be catastrophic for ASIC and the trustee who alleged the IPO group ought to be wound up for reasons other than the 'true to label' campaign (which was never part of their application).

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ASIC tells fund managers to be ‘true to label’ | Media.com