ASIC succeeds with liquidators appointed to First | Australian Markets
In one more transfer round First Guardian Master Fund, the Australian Securities and Investments Commission (ASIC) has efficiently had the Federal Court appoint liquidators.
ASIC stated the Federal Court has appointed Ross Blakeley and Paul Harland of FTI Consulting as liquidators of Falcon Capital and ordered the Liquidators to wind up Falcon, the First Guardian Master Trust and associated unregistered subsidiary funds.
ASIC stated it had made an software for the appointment of liqudiators as a result of it was involved about Falcon’s management and operation of First Guardian and the related dangers to buyers.
The Federal Court additionally ordered that Paul Allen of PKF Melbourne be appointed as receiver to the property of David Anderson, a director of Falcon.
This motion follows earlier motion taken by ASIC in February 2025 to freeze the property of Falcon, First Guardian and Mr Anderson to help defend investor funds whereas ASIC continues its investigation.
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