Court orders Fiducian Investment Management Services to pay $7.3 million penalty over operation of ESG fund

26-191MR

civil penalty11 Aug 2026Penalty $7.30M

Respondent

Fiducian Investment Management Services Limited

Facts

Fiducian Investment Management Services Limited (FIMS) has been ordered to pay a $7.3 million penalty for breaching its duty to act with care and diligence as a responsible entity and engaging in conduct liable to mislead the public.

Outcome

ASIC civil penalty of $7,300,000 — Fiducian Investment Management Services Limited (2026-08-12). See the ASIC source for the full terms.

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Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-191mr-court-orders-fiducian-investment-management-services-to-pay-73-million-penalty-over-operation-of-esg-fund

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