EQT Holdings to defend ASIC proceedings
Key points
- ETSL, a subsidiary of EQT Holdings, intends to defend ASIC proceedings
- The proceedings relate to alleged breaches of financial services laws
- EQT Holdings stands by the conduct of ETSL and its employees
Full summary
EQT Holdings Ltd has announced that its subsidiary, ETSL, intends to defend proceedings brought by the Australian Securities and Investments Commission (ASIC) relating to alleged breaches of financial services laws. The company stands by the conduct of ETSL and its employees and will vigorously defend the proceedings. EQT Holdings is committed to operating with the highest standards of integrity and compliance, and will continue to cooperate fully with ASIC throughout the legal process. The company believes it has strong grounds to defend the allegations and is confident in the merits of its case.
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