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Fiducian Subsidiary Settles ASIC Case with $7.3M Penalty Over Misleading ESG Claims

7:04pm on Monday 30th of March, 2026 AEDT Financial Services
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Fiducian Subsidiary Settles ASIC Case with $7.3M Penalty Over Misleading ESG Claims

7:04pm on Monday 30th of March, 2026 AEDT
Key Points
  • Fiducian subsidiary FIMS agrees to $7.3 million pecuniary penalty
  • ASIC’s legal costs capped at $650,000 to be paid by FIMS
  • Misleading ESG and systems statements in fund’s Product Disclosure Statements
  • Court declarations to confirm contraventions under ASIC and Corporations Acts
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