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Equity Trustees to Defend ASIC Claims Over First Guardian Fund Losses

10:00am on Thursday 1st of January, 1970 AEST Financial Services
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Equity Trustees to Defend ASIC Claims Over First Guardian Fund Losses

10:00am on Thursday 1st of January, 1970 AEST
Key Points
  • ASIC files civil proceedings against ETSL over First Guardian Master Fund
  • Member losses linked to ETSL estimated at $70 million
  • ETSL pledges to defend allegations citing fiduciary compliance
  • Liquidators seek to maximise returns for affected members
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