SHARE

Share this news item!

ASIC Appoints Liquidators to First Guardian Master Fund

ASIC Appoints Liquidators to First Guardian Master Fund

ASIC Appoints Liquidators to First Guardian Master Fund?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Australian Securities and Investments Commission (ASIC) has achieved a significant legal milestone with the Federal Court's decision to appoint liquidators to First Guardian Master Fund.
Ross Blakeley and Paul Harland from FTI Consulting have been entrusted with this responsibility.
The court has mandated that they oversee the liquidation of both Falcon Capital and the First Guardian Master Trust, alongside associated unregistered subsidiary funds.

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

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Sea-Doo Dominates Australian Marine Brand Searches in Q4 2025
Sea-Doo Dominates Australian Marine Brand Searches in Q4 2025
15 Feb 2026: Paige Estritori
As the Australian summer approaches, the marine industry has witnessed a significant shift in consumer interest, with Sea-Doo emerging as the most-searched marine brand in the fourth quarter of 2025. According to Retain Media's Q4 2025 Marine Market Brand Consideration Report, Sea-Doo captured 11.2% of search queries, marking a substantial 51.4% increase from the previous quarter's 7.4%. - read more
Starboard Maritime Intelligence Raises $20 Million to Advance AI Maritime Security
Starboard Maritime Intelligence Raises $20 Million to Advance AI Maritime Security
15 Feb 2026: Paige Estritori
In a significant development for maritime security, Starboard Maritime Intelligence, a New Zealand-based company specializing in artificial intelligence solutions for ocean protection, has successfully closed a NZ$23 million (approximately AU$20.6 million) Series A funding round. This oversubscribed round attracted substantial interest from Australian venture capital firms, underscoring the growing importance of advanced technologies in safeguarding maritime interests. - read more
Click for more Finance News