Tag: securities law guide
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Macquarie to Repay $321 Million to Shield Master Fund Investors
Macquarie has agreed to repay $321 million to thousands of Australians affected by the collapse of the Shield Master Fund. The Australian Securities and Investments Commission (ASIC) revealed that Macquarie breached the Corporations Act by failing to ensure the fund was monitored effectively. This led to 3000 investors losing their money. The Investor’s Blueprint: Asset…