I have had a run of Funds come in for audit that have investment in CFX who, some (including ASIC) have alleged, are running nothing more than a Ponzi scheme. The account is under the SMSF name, the transactions are printable and I've received an account balance substantiation letter from the company as at 30/6. But its a Panamanian company, its Board and ownership are opaque and as it is an unregistered investment scheme, the Funds have breached SIS by investing in it, I believe.
Can anyone set me straight if I have this wrong?
.png)

Did you breach Part A that the financials may not be accurate, Jennifer?