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SMSF Awards: Showcasing Fixed Income and Cash and Term Deposit Platform winners

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La Trobe Financial to defend ASIC claims


Mortgage Business
La Trobe Financial to defend ASIC claims
By Annie Kane
22 December 2020
The non-bank lender has rejected the assertions made by ASIC that some of its historical advertising for certain products of its credit fund may have been misleading, outlining that it will defend the case laid against it.
Last Friday (18 December), the Australian Securities and Investments Commission (ASIC) commenced civil penalty proceedings in the Federal Court against La Trobe Financial Asset Management Ltd (La Trobe), the responsible entity of the La Trobe Australian Credit Fund.
The fund invests in loans secured by first mortgages over residential and commercial real estate, as well as cash, deposits and other assets.  ....

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ASIC takes La Trobe Financial to court


ASIC takes La Trobe Financial to court
Reporter
21 December 2020
La Trobe Financial says it rejects assertions made by the corporate watchdog following the news it has commenced civil penalty proceedings in the Federal Court against the wealth manager, alleging that it had engaged in misleading or deceptive marketing around one of its funds.
The regulator has taken the firm to court for its capacity as the responsible entity of the La Trobe Australian Credit Fund, an unlisted registered managed investment scheme with over $5.15 billion in assets under management and more than 45,000 investors. The minimum investment is currently $10. 
The fund invests in loans secured by first mortgages over residential and commercial real estate, as well as cash, deposits and other assets.  ....

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ASIC initiates action against La Trobe | Money Management


Print
La Trobe Financial Asset Management has become the subject of civil action initiated by the Australian Securities and Investments Commission (ASIC) relating to its La Trobe Australian Credit Fund.
The regulator announced today it had commenced civil penalty proceedings in the Federal Court against La Trobe Financial Asset Management Ltd in its capacity as the responsible entity of the La Trobe Australian Credit Fund.
The ASIC announcement noted that the Fund invests in loans secured by first mortgages over residential and commercial real estate, as well as cash, deposits and other assets. 
La Trobe offers several different investment options to members of the Fund, including: ....

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