ASIC Sues Super Trustee over First Guardian Collapse

ASIC sues super trustee over First Guardian collapse

In a widening series of lawsuits over the collapse of First Guardian and the Master Shield Fund, the Australian Securities and Investments Commission claims Diversa did not conduct adequate due diligence.

Millions drained: watchdog sues trustee over $300m in lost super

ASIC takes legal action against Diversa Trustees for failing investors as First Guardian Master Fund collapses, losing $300 million in retirement nest eggs.

ASIC adds Diversa to lawsuits over $300m First Guardian failure

The corporate watchdog alleges the superannuation trustee failed to protect consumers because it did not conduct adequate due diligence.

ASIC sues super trustee over $300M investment in First Guardian fund

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me ASIC has sued superannuation trustee Diversa for investing $300 million in retirement savings into Falcon Capital’s failed First Guardian Master fund. Subscribe to Lawyerly to access this article.Already a subscriber? Username or Email Address Password Remember Me Lost your password? The post ASIC sues super trustee over $3…

ASIC sues Diversa Trustees over First Guardian deficiencies

ASIC sues Diversa Trustees over First Guardian deficiencies Laura Dew Tue, 2025-12-09 09:15 Laura Dew Laura Dew is editor at Money Management. Prior to joining MM, she spent five years working at Investment Week in the UK, covering asset and wealth management. View articles by Laura Laura 's social profiles: E-mail Author Twitter Pr…