ASIC accuses Diversa of failing to enforce First Guardian holding limits
ASIC alleges that Diversa Trustees failed to enforce a 50 per cent holding limit that was meant to be imposed on the First Guardian Master Fund and is suing the trustee for a raft of due diligence failures. But Diversa argues it was a victim of fraud and said that an application for government assistance to remediate victims will be made by year end.


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