ASIC Bans Four Advisors Linked to the Shield Master Fund

Recently, the Australian Securities and Investments Commission (ASIC) banned four advisors from MWL Financial Services Pty Ltd (MWL) from providing advice.

Recently, the Australian Securities and Investments Commission (ASIC) banned four advisors from MWL Financial Services Pty Ltd (MWL) from providing advice.  The MWL advisors banned were:

  1. Rocco D’Amelio
  2. Robert Crossing
  3. Matthew Bradley
  4. Isaac Jacob McQueen

In media releases issued by ASIC, concerns were raised that the MWL advisors had recommended clients to invest into the Shield Master Fund which ASIC stated were high risk investments.  ASIC also stated that the Shield Master Fund had a limited trading history and the advice provided was not in their clients best interests.

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

‍

Related News

ASIC bans former financial adviser Glenda Rogan for 10 years

On 12 June 2025 the Australian Securities Investments Commission (ASIC) banned former financial advisor Glenda Rogan for 10 years. It was alleged by ASIC that between March 2022 and June 2023 Ms Rogan transferred at least $14.8 million of funds invested by clients, family and friends to a cryptocurrency-based investment scam., The conduct took place while she was a financial adviser with the ‘Fincare’ group of companies (Fincare) and an authorised representative of Australian financial services (AFS) licensee Private Wealth Pty Ltd.

ASIC cancels Australian Financial Services (AFS) licence of Financial Services Group Australia Pty Ltd (FSGA)

On 13 June 2025 ASIC cancelled the Australian Financial Services (AFS) licence of Financial Services Group Australia Pty Ltd (FSGA).

Notice to Investors in the VentureCrowd Trust No. 0481 (Albany Creek)

FD Legal is investigating claims from investors advised to invest in VentureCrowd Trust No. 0481, despite it being limited to wholesale investors. Concerns include ineligibility, lack of distributions, and potential loss in investment value due to possibly inappropriate financial advice.

Contact us

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Email
enquiry@fdlegal.com.au
Phone
1300 433 533
Office
Level 2, 167 Eagle Street
Brisbane Qld 4000