ASIC places interim stop order on Westlawn Income Fund
ASIC has made an interim stop order preventing Westlawn Financial Services Limited (Westlawn) from offering or distributing the Westlawn Income Fund (the Fund) to retail investors because of a non-compliant target market determination (TMD). The order stops Westlawn from issuing interests in, giving a product disclosure statement for or providing general advice to retail clients …
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