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

Search Results

Showing 21 - 30 of 245 results for "EGG"

Feature: Compliance | Passing the buck

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... there." Several financial advisers are within ASIC's crosshairs. For example, principal and financial adviser of Venture Egg, Ferras Merhi is under investigation after he and his advisers invested about $296 million of their clients' super into ...

InterPrac wants super funds' reserves to remediate Shield, First Guardian victims

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... occurred and access their ORFR reserves to remediate every client that has been exposed to these investments," he added. Venture Egg Financial Services and its principal Ferras Merhi, and Reilly Financial were authorised representatives of InterPrac. ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... dollars". The regulator alleged he used marketing companies to push potential clients to his financial advice businesses, Venture Egg and Financial Services Group Australia (FSGA). In February, the Federal Court froze the assets of Merhi. He is the principal ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... Merhi over their potential involvement. Financial adviser Merhi was licensed through InterPrac and is the director of Venture Egg Financial Services and United Financial Advice, which trade as Venture Egg and Financial Services Group Australia. "We recognise ...

Sequoia resumes trading after ASX query

ELIZA BAVIN  |  WEDNESDAY, 30 JUL 2025
... ASIC is investigating InterPrac as part of its ongoing investigations into the Shield and First Guardian funds as Venture Egg Financial Services and its principal Ferras Merhi were authorised representatives of InterPrac. ASIC said certain authorised ...

Law firm eyes First Guardian, Shield class action

ELIZA BAVIN  |  THURSDAY, 24 JUL 2025
Slater and Gordon Lawyers are investigating a potential class action on behalf of investors in First Guardian Master Fund and Shield Master Fund for allegedly operating a Ponzi scheme with thousands of Australians' superannuation savings. Slater and ...

Adviser exodus puts retirement savings at risk: CPA

KARREN VERGARA  |  THURSDAY, 17 JUL 2025
... CoreData and Conexus Financial research, an increasing number of Australians nearing retirement plan to reinvest their nest egg savings outside of super and move it into speculative and potentially volatile investment options such as cryptocurrency ...

Future Fund cleared to manage select asset classes in-house

ANDREW MCKEAN  |  WEDNESDAY, 18 JUN 2025
... move Angus Taylor, then shadow treasurer and now shadow minister for defence, decried as a "raid on the nation's nest egg." Combet said he welcomed the guidance but was clear that it won't alter Future Fund's statutory responsibility to maximise ...

ASIC cancels Financial Services Group Australia's AFSL

KARREN VERGARA  |  MONDAY, 16 JUN 2025
... industry. Ferras Merhi was the sole director of FSGA from 10 February 2021 to 30 May 2025. He is also the director of Venture Egg Financial Services and United Financial Advice. ASIC is currently investigating Merhi and various entities associated with ...

Russell Investments names investment head for APAC

ELIZABETH FRY  |  THURSDAY, 29 MAY 2025
Russell Investments has appointed Andrew Pease as head of investments for Asia-Pacific as the US asset manager deepens its regional presence amid volatile markets. Pease, who recently served as global chief investment strategist, brings over 30 years ...