ASIC has issued an interim stop order against the RELI Capital Mortgage Fund, a registered managed investment scheme operated by RELI Capital. The regulator said it is to protect consumers and retail investors from acquiring a product not suitable for their financial objectives. Its action follows concern that the target market in the target market determination (TMD) for the fund includes investors who intend to hold the fund as a core component, seeking capital preservation with no distribution conditions being made necessary. The order is valid for three weeks unless revoked earlier and prevents the fund from giving product disclosure or advice to retail clients. RELI Capital was founded in 1978 and is headquartered in Leongatha, Victoria.