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Showing 1 - 10 of 12 results for "Falcon Capital"

More aggressive than ever: ASIC defends First Guardian investigation

RIDDHIMA TALWANI | FRIDAY, 5 JUN 2026

ASIC was pulled up by the Senate Economics Committee over the time it has taken to act against Falcon Capital, the responsible entity for the collapsed First Guardian Master Fund. ASIC chair Sarah Court, attending the first parliamentary committee after ...

InterPrac targets First Guardian victim, disputes AFCA ruling

KARREN VERGARA | FRIDAY, 15 MAY 2026

... Ms Kee's loss on the presumption that she has lost all monies invested into the fund. In circumstances where Falcon Capital is in liquidation and the liquidator has advised that it has already recovered some of the assets with the majority still ...

FEATURE | Regulation: Picking up the pieces

KARREN VERGARA | TUESDAY, 24 MAR 2026

... went into liquidation." By February 2024, Kee began receiving emails from ASIC. By May 2024, responsible entity Falcon Capital suspended redemptions and applications in First Guardian, telling investors that it needed "to allow for a restructure of the ...

Diversa to 'vigorously defend' ASIC allegations

KARREN VERGARA | WEDNESDAY, 10 DEC 2025

... conduct." "The relevant conduct only came to light long after applications for and withdrawals had been frozen by Falcon Capital, the responsible entity of First Guardian," Diversa said. "Diversa has been actively monitoring First Guardian since it suspended ...

ASIC sues Diversa for First Guardian failures

KARREN VERGARA | TUESDAY, 9 DEC 2025

... performance, liquidity and stress tests, or independently enquire into information provided by responsible entity Falcon Capital. Furthermore, ASIC said Diversa did not exercise the same degree of care, skill and diligence as a prudent superannuation ...

Netwealth invokes Part 23 of SIS Act in First Guardian response

JAMIE WILLIAMSON | MONDAY, 27 OCT 2025

... the fraud occurring. The $101 million reflects total member investments less redemptions as at 28 May 2024 when Falcon Capital, the responsible entity of First Guardian, suspended redemptions in the fund. At that time it claimed the investments were ...

Feature: Compliance | Passing the buck

ELIZA BAVIN | WEDNESDAY, 15 OCT 2025

... Trustees, Netwealth, and Diversa. First Guardian was run by David Anderson and Simon Selimaj, who were directors of Falcon Capital, the responsible entity for the fund. Keystone Asset Management was Shield's responsible entity with Paul Chiodo as ...

ASIC places travel restriction on First Guardian RE directors

ELIZA BAVIN | WEDNESDAY, 2 JUL 2025

The Federal Court has granted a travel restriction 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 ...

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

... the responsible entity for the Shield Master Fund. ASIC is currently attempting to liquidate responsible entity Falcon Capital, wind up the First Guardian Master Fund, and impose a receiver and manager to director David Anderson's personal property. ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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