Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
La Trobe Financial fined for misleading fund marketing
Fine or penalty
The Federal Court fined La Trobe Financial Asset Management $750,000 over false or misleading marketing of its Australian Credit fund and representations about withdrawal access for two accounts. The court found the conduct had significant potential to mislead the public.
Source excerpt
The Federal Court ruled La Trobe’s advertising in newspaper, magazines and websites included statements that any capital invested would be ‘stable’.
La Trobe Financial Asset Management has been fined $750,000 for false and misleading marketing of its Australian Credit fund.
La Trobe had up to 12 months to satisfy a withdrawal while the fund was liquid;