Members of a Trio Capital investor action group plan to call on ASIC and the Australian Federal Police to "bring to justice" the fraudulent activities of those involved in the collapse of the financial services group.
The Victims of Financial Fraud (VOFF) group held a public meeting in Wollongong at the weekend, demanding answers from the corporate regulator among a list of five motions passed.
Another motion approved at the meeting was to "condemn the NAB (National Australia Bank) as fund trustee, KPMG as the fund auditor", the list of motions, obtained by InvestorDaily, said.
The meeting, attended by more than 200 people, also took issue with ratings agencies, the Australian Prudential Regulation Authority (APRA) and ASIC over the "collective failure to carry out their fiduciary responsibilities in respect to [Trio's previous company] Astarra", the list of motions said.
"Their failure has resulted in the loss of our retirement savings by theft."
As well as seeking answers from key industry regulators, VOFF also intends to write to Financial Services and Superannuation Minister Bill Shorten.
Trio investor and VOFF spokesman John Telford said the group would contact Shorten and request he address the group and those affected in the Wollongong region.
"We're going to give him two weeks to respond . then we're going to rally together and send a campaign down to Parliament," Telford told InvestorDaily.
The VOFF also intends to communicate to Australia's 770,000 self-managed superannuation funds (SMSF) about the risk to SMSFs, he said.
Last week, Telford said VOFF would hold a meeting to discuss how investors, who failed to gain financial damages under the federal government's Trio compensation, would hold the government, as well as other parties linked to Trio, to account.
VOFF members are frustrated with the government providing APRA superannuation fund investors with more than $50 million in compensation.
