Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 141 - 149 of 149 results for "First Guardian"

CSLR releases revised levy estimate

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... said. "Further, and most importantly, these numbers do not include any allowance for the impact of either Shield or First Guardian, although numerous announcements by ASIC suggest these are very substantial matters where financial advice complaints are ...

ASIC targets advisers, platforms, research houses in super switching scams

KARREN VERGARA  |  THURSDAY, 3 JUL 2025
... downfall of Australian Fiduciaries, ISG, and United Global Capital (UGC), as well as the Shield Master Fund and First Guardian Master Fund in recent years has come to a head for ASIC, which has recently ramped up its policing of high-pressure sales tactics ...

ASIC places travel restriction on First Guardian RE directors

ELIZA BAVIN  |  WEDNESDAY, 2 JUL 2025
... order against Falcon Capital Limited directors David Anderson and Simon Selimaj, as the responsible entity of the First Guardian Master Fund, following an application from ASIC. The orders prohibit Anderson and Selimaj from leaving or attempting to leave ...

ASIC cancels Financial Services Group Australia's AFSL

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... cancelled the AFSL of Financial Services Group Australia (FSGA), which has links to the Shield Master Fund and First Guardian Master Fund. FSGA's responsible manager (RM) Graham Holmes has also been permanently banned from working in the industry. ...

Falcon Capital, First Guardian fund to be wound up

MATTHEW WAI  |  FRIDAY, 11 APR 2025
Following the order to freeze the assets of the First Guardian Master Fund and its responsible entity Falcon Capital last month, the Federal Court has ordered both the fund and the entity to be wound up. In response to a petition by ASIC, the court ...

ASIC freezes assets Shield, First Guardian marketer

KARREN VERGARA  |  WEDNESDAY, 19 MAR 2025
ASIC has frozen the assets of Rashid Alshakshir, who facilitated leads to the Shield Master Fund and First Guardian Master Fund, as it investigates his links with property fund manager and developer Paul Chiodo. Alshakshir has ties to the funds, according ...

Falcon Capital, First Guardian Master Fund set for liquidation

KARREN VERGARA  |  TUESDAY, 18 MAR 2025
ASIC is attempting to liquidate responsible entity Falcon Capital, wind up the First Guardian Master Fund, as well as impose a receiver and manager to director David Anderson's personal property. The regulator has put into motion the applications ...

Freezing order slapped on First Guardian Master Fund, Falcon Capital

KARREN VERGARA  |  MONDAY, 3 MAR 2025
ASIC has taken action to freeze the assets of the First Guardian Master Fund and its responsible entity Falcon Capital nearly one year after investors were locked out from accessing their funds. The First Guardian Master Fund is run by First Guardian ...

WA financial services director banned for six years

CHLOE WALKER  |  MONDAY, 15 AUG 2022
... Specifically, the regulator found that between December 2020 and January 2021, Hutchinson contacted investors in the First Guardian Master Fund and suggested they roll their investments from the Chiodo Diversified Property Development Class to the Australian ...