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Regulatory

ASIC slaps MWL adviser with ban over Shield involvement

ASIC has banned Wade Spooner of Melbourne for eight years for advising his clients to invest their superannuation into the Shield Master Fund while he was an authorised representative of MWL Financial Services.

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Read more: ASICShield Master FundWade SpoonerMWL Financial ServicesAdministrative Review TribunalEquity Trustees Superannuation LimitedKeystone Asset ManagementMacquarie Investment Management Limited