Australia's markets regulator has suspended three funds of Sydney-based asset manager GlobalHolon managed by crypto exchange gemini. By amitoj
The decision was taken by the Australian Securities and Investment Commission due to non-compliant target market determinations by Holon Investments.which describes the target customer for an investment product. ASIC said it is concerned that Holon has not appropriately considered the features and risks of the Funds in determining their target markets.
The regulator believes Holon's crypto funds are not suited to the wide target market defined in their TMDs, which includes investors ranging from potentially medium, high or very high risk and return profile.managed by the crypto exchange Gemini. "If the ASIC's concerns are not addressed in a timely manner, final stop orders will be placed on the funds," the press release said."Holon will have an opportunity to make submissions to ASIC before any final stop order is made," it added.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Today’s daily horoscope for Oct. 17, 2022Zodiac signs and horoscopes on 10/17/22 for Aquarius, Pisces, Aries, Taurus, Gemini, Cancer, Leo, Virgo, Libra, Scorpio, Sagittarius, Capricorn.
Baca lebih lajut »
Today’s daily horoscope for Oct. 16, 2022Zodiac signs and horoscopes on 10/16/22 for Aquarius, Pisces, Aries, Taurus, Gemini, Cancer, Leo, Virgo, Libra, Scorpio, Sagittarius, Capricorn.
Baca lebih lajut »
Three Aussie crypto funds halted as regulator cites non-complianceThe Australian Securities and Investments Commission (ASIC) is holding back three cryptocurrency-exposed funds from Holon Investments for 'non-compliant' target market determinations.
Baca lebih lajut »
Former CEO of Bankrupt Crypto Lender Celsius Cashes Out $960K in CEL, USDC, Data ShowsData shows that Alex Mashinsky, who resigned as CelsiusNetwork CEO on Sept. 27, continued to move crypto out of wallets while withdrawals were suspended for customers.
Baca lebih lajut »