Judge approves $750,000 penalty against La Trobe Financial despite ‘considerable hesitation’
ASIC 2021-11-29 11:57 am By Cat Fredenburgh | Melbourne
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La Trobe Financial Asset Management will pay just $750,000 for misleading investors in its 48 hour and 90 day notice accounts over a period of more than three years, with a judge saying the company would have faced a penalty “well in excess” of this amount if not for reassuring correspondence from ASIC during its investigation.

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