ASIC has given a 10-year ban to Rhys Reilly, one of the advisers central to the investigation in the $1 billion Shield and First Guardian collapse. The regulator found Reilly accepted $100,000 in conflicted remuneration and that he failed to give advice in the best interests of clients.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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