ASIC

All articles about ASIC.

An Australian investment firm called Remi Capital that collapsed owing $124 million may have been insolvent since its launch in 2018 and had no income generating assets, according to a report to creditors, despite promising “mum and dad” investors big returns. Administrators from Jirsch Sutherland are considering an insolvent trading claim and have been in communications with ASIC regarding funding for investigations. They are also considering litigation funding.

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