Shield Master Fund Investigation
Shield Master Fund Investigation
Shield Master Fund Investigation
FD Legal are investigating potential claims against the operators of the Shield Master Fund. The investigation focuses on whether investors were misled about the risks and performance expectations of the fund. It is alleged that:
• Investors were not properly informed of the fund's speculative nature.
• There was a failure to adequately disclose investment strategies and associated risks.
• Risk management procedures were insufficient to protect retail investors.
FD Legal encourages investors in the Shield Master Fund to register their interest to assist with our investigation and potential class action proceedings.
On 7 February 2024, the Australian Securities and Investments Commission (ASIC) issued an interim stop order preventing further investment into the fund. According to ASIC, this action was taken due to:
• Concerns about the fund’s management and operation.
• Risks to investors arising from the way the fund was promoted and structured.
ASIC has since escalated its response by:
• Freezing the assets of the Shield Master Fund on 18 June 2024.
• Appointing an independent party to review and verify payments made from the fund.
ASIC also noted that financial advice recommending investments into the Shield Master Fund was provided by advisers from the following licensed financial services firms:
• Interprac Financial Planning Pty Ltd
• MWL Financial Services Pty Ltd
• Financial Services Group Australia Pty Ltd
• Next Generation Advice Pty Ltd
FD Legal are encouraging investors who were advised or encouraged to invest in the Shield Master Fund to register their interest to assist with investigations and potential compensation claims.
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