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SQM Research faces court over 'favourable' rating
Financial Standard
|December 01, 2025
ASIC is suing SQM Research over its 'favourable' rating for the Shield Master Fund, marking the first time the watchdog has acted against a research house.
ASIC alleges that the research house failed to obtain information needed to properly assess Shield and also did not consider the inconsistencies in information it received when rating the fund.
It also alleges SQM Research misrepresented that it had a reasonable basis for awarding a 'favourable' rating and that it had exercised reasonable care and skill in doing so.
ASIC also believes SQM Research made misrepresentations that understated the percentage of funds managed by parties related to Shield.
Cette histoire est tirée de l'édition December 01, 2025 de Financial Standard.
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