ASIC has slapped a fine on Trident Investment Management for making potentially misleading statements to the market.

Trident is the “Australian financial services representative for Australian Mutual Holdings Limited”, according to ASIC, which has issued it with an infringement notice and a $10,200 fine.

“ASIC's recent concerns related to Trident's promotion on its website that the [Trident] Income Fund had achieved returns of 9.27 per cent for the six-month period ending 30 June 2013,” the statement said.

“ASIC was concerned that the returns were false or misleading, as Trident failed to include the Income Fund's negative capital growth.

“This meant that the actual returns were significantly lower than 9.27 per cent.”

Trident’s parent company was issued with a number of similar infringement notices in April 2014.