Platforms made call to suspend Venture Egg adviser payments while ASIC investigates
Trustees of the platforms that held the Shield and First Guardian funds made the choice to suspend payment of adviser fees to Venture Egg rather than await a directive from the regulator. But Ferras Merhi, the director and principal adviser of the troubled firm, is still listed on the ASIC Financial Adviser Register with a potential banning order expected to take time to finalise, if it does commence.
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