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Showing 1 - 10 of 111 results for "Shield Master Fund"

Shield investors launch Macquarie class action

VINNY VUCAGO  |  FRIDAY, 18 SEP 2026
... Legal commenced a class action against Macquarie Investment Management, alleging the investors in the collapsed Shield Master Fund have not been fully compensated for losses affecting their retirement savings. The proceedings have been brought through ...

Paul Chiodo sues Shield-linked City Built, director for $200m

KARREN VERGARA  |  FRIDAY, 18 SEP 2026
... City Built, its director Roberto Filippini, and members of his family, who are tied to the collapse of the Shield Master Fund, for $200 million, alleging they engaged in a wide-ranging scheme that led to substantial property construction losses and project ...

'Easy peasy, done': Senate rips Equity Trustees' checklist governance

RIDDHIMA TALWANI  |  THURSDAY, 10 SEP 2026
... skill and diligence concerning the decision to allow members to invest in the First Guardian Master Fund and Shield Master Fund. Both collapses have led close to $143 million in losses to members in funds under Equity Trustees' trusteeship. Equity ...

Crole banned for 10 years after abrupt exit from Sequoia

MATTHEW WAI  |  TUESDAY, 8 SEP 2026
ASIC has banned former Sequoia Financial Group managing director and chief executive Garry Crole for 10 years, following the events that unfolded under his leadership. Crole was a director of InterPrac Financial Planning from 20 August 2004 to 1 December ...

Sequoia revokes dividends, chief financial officer exits

RIDDHIMA TALWANI  |  MONDAY, 31 AUG 2026
... $124.1 million in the previous year. Sequoia said the business was directly affected by the First Guardian and Shield Master Fund failures, attributing the decline largely to the reduction in adviser numbers from 294 in July 2025 to 110 June 2026. The ...

Second bidder emerges for Equity Trustees

MATTHEW WAI  |  MONDAY, 24 AUG 2026
... exercise the same degree of care, skill and diligence as a prudent superannuation trustee would in respect of the Shield Master Fund. It also failed to act in the best financial interests of its members, do all things necessary to ensure the financial ...

Mulino unveils sweeping reforms to cold calling, MISs

KARREN VERGARA  |  WEDNESDAY, 19 AUG 2026
... by a third party, such as a lead generator. This was the bedrock in which AusCompare, the lead generator the Shield Master Fund and First Guardian Master Fund that is now in liquidation, relied upon to funnel clients into the MISs. Mulino also warned ...

ASIC ramps up enforcement action

VINNY VUCAGO  |  MONDAY, 10 AUG 2026
... failures that resulted in substantial debts and losses for creditors. ASIC also banned 15 advisers linked to the Shield Master Fund or First Guardian Master Fund during the financial year and took further action against associated licensees and responsible ...

Chiodo in ASIC's crosshairs again

KARREN VERGARA  |  TUESDAY, 4 AUG 2026
... which is in liquidation. He was also the director and co-founder of CF Capital, the investment manager of the Shield master Fund. Keystone and Chiodo have both been named as defendants in the lawsuit. Kortesis was a director of Keystone between 29 December ...

Advice complaints see biggest increase in FY26: AFCA

MATTHEW WAI  |  TUESDAY, 4 AUG 2026
... complaints have exceeded 100,000. Investments and advice complaints increased by 56%, primarily driven by the Shield Master Fund and First Guardian collapses, while complaints alleging the failure to act in the client's best interest remained the top ...
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