CAR LOANS
All finance quotes are provided free (via our secure server) and without obligation. We respect your privacy.
ASIC pursued the liquidators' appointment due to concerns regarding the management practices at Falcon and the potential investor risks linked to First Guardian. Additionally, Paul Allen from PKF Melbourne has been appointed to act as receiver over the assets of David Anderson, a director at Falcon.
This initiative is part of ASIC's ongoing efforts to secure investor interests, following asset freezing measures targeting Falcon, First Guardian, and Mr Anderson in February 2025. These measures are meant to provide immediate protection to investors as ASIC continues its broader investigation.
This development is crucial for stakeholders within Australia's financial services sector, especially investors tied to Falcon and First Guardian. The implementation of liquidators ensures that the assets will be managed and potentially returned in an orderly manner, offering some recourse to those affected by potential mismanagement.
Moreover, this reinforces ASIC's role in safeguarding investor funds and maintaining integrity within the Australian financial system. By taking decisive legal action, ASIC underscores its commitment to addressing regulatory breaches and securing financial markets.
As liquidators begin their work, stakeholders are advised to stay informed about potential announcements regarding the asset distribution timeline. Investors should consult with their financial advisors to understand how these proceedings might impact their investments.
Future developments will likely emerge from ASIC's extended investigation into the conduct of Falcon and First Guardian. Results of these probes could prompt further regulatory actions, setting important precedents for oversight and accountability within the financial sector.
Published:Friday, 11th Apr 2025
Source: Paige Estritori
| Sydney's Housing Market Reaches Record $2 Million 17 Apr 2025: Paige Estritori In a landmark moment for Sydney's real estate market, the city’s median asking price for houses has surpassed the $2 million mark, hitting $2,012,000 as of 15 April, according to SQM Research. This figure includes Greater Sydney regions such as the Blue Mountains and Central Coast. The development was confirmed by SQM's managing director, Louis Christopher. - read more |
| Institutional Investors Maintain Course Amid Escalating Geopolitical Risks 17 Apr 2025: Paige Estritori Institutional investors across the globe are largely standing firm despite acknowledging the rising geopolitical risks impacting their portfolios. Recent research by investment consultancy firm Bfinance, involving over 160 institutional investors worldwide, reveals that most entities have not adjusted their strategic investments amidst the current economic turbulence driven by trade conflicts. - read more |
| Acadian Launches Diversified Emerging Markets Equity Fund for Australian Investors 16 Apr 2025: Paige Estritori Acadian Asset Management, renowned for its quantitative investment strategies, has introduced a new emerging markets equity fund targeting Australian wholesale investors. This fund is meticulously crafted to balance risk without compromising on long-term returns. - read more |
| Bank of Queensland Warns of Rising Bad Loans Amid Economic Uncertainty 16 Apr 2025: Paige Estritori The Bank of Queensland, a prominent mid-tier lender, has issued a cautionary note about an anticipated rise in bad loans due to ongoing economic uncertainty. Despite this warning, the bank's shares experienced an unexpected surge. - read more |
| ASIC to Name Financial Licensees in New Breach Transparency Initiative 14 Apr 2025: Paige Estritori The Australian Securities and Investments Commission (ASIC) has proposed a new regulatory framework aimed at increasing transparency in the financial industry by identifying financial planning licensees who report breaches. Revealed in a consultation paper, CP 383, this proposal would see ASIC start publishing Reportable Situations (RS) and Internal Dispute Resolution (IDR) data at both firm and industry levels, including the names and licence numbers of the offending companies. - read more |
