ASIC Bans another MWL Financial Services Pty Ltd Compliance Manager
On 27 August 2025 the Australian Securities and Investments Commission (ASIC) announced that MWL Financial Services Pty Ltd (MWL) Compliance Manager, Robert John Tohill, was banned for a period of 5 years from providing any financial services.
ASIC Bans another MWL Financial Services Pty Ltd Compliance Manager
On 27 August 2025 the Australian Securities and Investments Commission (ASIC) announced that MWL Financial Services Pty Ltd (MWL) Compliance Manager, Robert John Tohill, was banned for a period of 5 years from providing any financial services.
ASIC stated in the announcement that Mr Tohill was involved in contraventions of financial services laws by another person, citing his continued involvement in the MWL investment committee which continued to evaluate and approve clients investing into the Shield Master Fund (Shield).
Mr Tohill is the fifth MWL representative banned by ASIC in respect of advice provided to MWL’s clients to invest into Shield.
Financial Dispute Legal has been investigating claims involving the Shield Master Fund since August 2024 and anticipates that ASIC may make further banning orders in the future against other financial advisors linked to the this and other investments.
If you were advised MWL to invest into the Shield Master Fund, we ask that you contact Financial Dispute Legal to discuss your circumstances and consider any rights to recover compensation on 1300 433 533 or enquiry@fdlegal.com.au
