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Two more Shield advisers banned

Financial Standard

|

August 11, 2025

ASIC has banned another two former financial advisers of MWL Financial Services that were involved in investing clients' superannuation into the Shield Master Fund, as well as other breaches of obligations.

- Matthew Wai

Former financial advisers of MWL, Rocco D’Amelio and Robert Crossing, have been suspended from providing financial services, controlling or performing any function involved in a financial services business for seven and six years, respectively.

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