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ASIC Launches Civil Proceedings Against Fiducian Subsidiary Over Fund Disclosure

10:00am on Friday 3rd of October, 2025 AEST Financial Services
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ASIC Launches Civil Proceedings Against Fiducian Subsidiary Over Fund Disclosure

10:00am on Friday 3rd of October, 2025 AEST
Key Points
  • ASIC alleges misleading statements in Fiducian Diversified Social Aspirations Fund disclosure
  • Claims of non-compliance with fund’s compliance plan and duties by Fiducian subsidiary
  • Fund ceased operations in May 2024 due to lack of scale
  • Fiducian subsidiary cooperating with ASIC investigations
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