Compliance
Decade-long ban for adviser central to ASIC’s Shield, First Guardian investigation
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.
Chris DastoorApril 13, 2026
