Funds manager Australian Unity has been pinged by the corporate regulator for tactics that could have inappropriately funnelled clients into one of its funds even if they did not understand its complexity.
The Australian Securities and Investments Commission made interim stop orders against Australian Unity’s $450 million Select Income Fund.
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Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
