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ASIC slams manager

Monday 2nd of September 2013

The Australian regulator has penalised fund manager Trilogy for issuing misleading product disclosure statements, and it has placed interim stop orders on two of its schemes.

The schemes are the Trilogy Monthly Income Fund and Trilogy Melbourne Office Syndicate, Cheltenham.

“ASICs concerns relate to, among other things: the use of headline rates of return; comparisons of the schem...

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