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Showing 1 - 9 of 9 results for "GCPF"

Former UGC adviser's appeal against ASIC ban accepted

MATTHEW WAI  |  TUESDAY, 27 JAN 2026
... including failing to uphold key advice obligations when recommending clients to invest in the Global Capital Property Fund (GCPF) while he was a UGC authorised representative. ASIC was also concerned Petrovic did not act in his clients' best interests ...

UGC auditor 'comprehensively failed', registration stripped

JAMIE WILLIAMSON  |  MONDAY, 27 OCT 2025
... William O'Shea was employed by United Global Capital to audit both it and its managed funds, the Global Capital Property Fund (GCPF) and the UGC Global Alpha Fund. More than $92 million was invested in the funds, much of which is now unaccounted for. ...

Former United Global Capital adviser banned

JAMIE WILLIAMSON  |  MONDAY, 1 SEP 2025
... advice obligations when recommending clients invest their retirement savings into the Global Capital Property Fund Limited (GCPF). Petrovic advised clients to set up a self-managed superannuation fund (SMSF) and invest significant amounts of their retirement ...

Adviser banned for UGC, Shield involvement

MATTHEW WAI  |  TUESDAY, 19 AUG 2025
... for four years for failing to act in clients' best interests by pushing them to invest in the Global Capital Property Fund (GCPF) and Pivotal Diversified Fund. The banning took effect from August 14. Rankin was an authorised representative of Next Generation ...

Decade-long ban for UGC director upheld

MATTHEW WAI  |  WEDNESDAY, 13 AUG 2025
... director, responsible entity and key person of UGC. Last year, UGC's authorised representative Global Capital Property Fund (GCPF) was found to have contacted prospective clients, urging them to establish a self-managed superannuation fund (SMSF) to ...

UGC's AFCA membership to cease

KARREN VERGARA  |  MONDAY, 7 APR 2025
... remain a member of AFCA until at least May 31. The Federal Court ordered the wind up of the Global Capital Property Fund (GCPF) last October. GCPF invested in large-scale property development via secured debt financing arrangements or direct equity investments. ...

Queensland-based financial firm loses AFSL

MATTHEW WAI  |  FRIDAY, 25 OCT 2024
... October 18. Next Gen had previously recommended its clients to invest in the Global Capital Property Fund (in Liquidation) (GCPF) and the Shield Master Fund. GCPF was a flagship fund from United Global Capital (UGC), which is also in liquidation and ...

Global Capital Property to be wound up

KARREN VERGARA  |  TUESDAY, 8 OCT 2024
The Federal Court ordered the wind up of Global Capital Property Fund (GCPF) shortly after director Joel Hewish was banned from working in the industry for 10 years. The hearing on October 3 appointed FTI Consulting as liquidators to GCPF after ASIC ...

ASIC freezes assets of Melbourne based licensee

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
... financial advice licensee United Global Capital and related property investment company Global Capital Property Fund Limited (GCPF). ASIC sought the orders to protect investor funds while an investigation is continuing. Justice O'Callaghan ordered that ...
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