SQM Research to 'respectfully' defend ASIC lawsuit
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The news: SQM Research owner and managing director Louis Christopher has announced the company “intends to respectfully defend the proceedings” made against it by the Australian Securities and Investments Commission (ASIC).
The context: Last week, ASIC announced that it was suing the research house over Shield Master Fund failures.
In a LinkedIn post, Christopher said SQM’s “track record before this terrible event, has been solid”.
What they said: “We have always operated with the highest standards of integrity and in full compliance with all applicable laws and regulatory guidance," Christopher said.
“Our methodologies are robust, continually reviewed and enhanced, and our ratings have consistently been recognised for their objectivity and value to the market," he said.
“We remain fully focused on continuing to deliver high-quality, objective research to our clients and the broader financial services community and so it is very much business as usual.”
The source: LinkedIn post
