Shares of Macquarie Group (ASX:MQG) and EQT Holdings (ASX:EQT) were marginally lower Thursday after the Australian Securities and Investments Commission's (ASIC) deputy chair Sarah Court said in a media briefing that the regulator is mulling actions against Macquarie Group and Equity Trustees for what the regulator considers "failures" in their roles in collapsed managed investment schemes.
Macquarie and Equity Trustees, part of the EQT Holdings, hosted the Shield Master Fund on their platforms, which is being wound up, while the First Guardian Master Fund, which is also being wound up amid allegations it mishandled over AU$500 million of investor funds, was hosted by Equity Trustees.
ASIC alleges the funds were mismanaged, with large portions of the money misallocated to related entities, multiple media outlets reported Wednesday.
The platform hosting these funds has an obligation to ensure that what is being offered "is fit for purpose and appropriate for investors," Court said.
The regulator plans to potentially argue that a super trustee has an obligation to look at the flow of funds that are coming through its platform. It plans to finalize its investigations and make a decision on whether it will take action against the super trustees in August. It is also expected to issue banning orders on a number of the advisers who guided consumers into these funds.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。