ASIC takes further steps to support Australians impacted by First Guardian and Shield collapse
Why this matters
This regulatory update from ASIC relates to the collapse of two investment funds, First Guardian and Shield, which impacted thousands of Australian investors, including those with superannuation savings invested in these funds. The update outlines ASIC's actions to support affected consumers, including providing information on how to lodge complaints and seek compensation through the Australian Financial Complaints Authority (AFCA). This is a high-urgency issue given the significant impact on retail investors.
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What the ASIC said
ASIC takes further steps to support Australians impacted by First Guardian and Shield collapse
Published by ASIC . Read the full notice at the source for the authoritative text.
Context
Australian Securities and Investments Commission (ASIC) — Australia's financial services regulator. We track 319 updates from them.
Australian financial services are regulated by ASIC and APRA. Browse all Australia updates.
This update is classified under Consumer Protection / Conduct, Reporting & Disclosure, Authorisation & Licensing and Banking & Credit.