The Australian Securities & Investments Commission has applied to the Supreme Court of New South Wales to wind up Capital Guard AU Pty Ltd on just and equitable grounds and to appoint an independent liquidator. ASIC is seeking to place the company under external control because it has serious concerns about Capital Guard’s management, the handling of investor funds, and whether certain bonds marketed to investors existed or were available as represented. According to ASIC, Capital Guard appears to have promoted bond investments that may not have existed, used investor funds inconsistently with its representations to clients, provided false information to its auditor, suffered a breakdown in governance and management, and failed to meet a range of regulatory and reporting obligations. ASIC’s investigation indicates the firm raised about AUD 17.4 million from around 80 investors, while only a small proportion of those funds remains in known bank accounts and payment platforms. The regulator had already cancelled Capital Guard’s Australian financial services licence on 29 June 2026 after finding serious misconduct, including promotion of a fake Macquarie Bank bond, false documents provided to its auditor, and misleading statements on its website. The matter is listed for a directions hearing on 20 July 2026. ASIC’s investigation into Capital Guard and related persons and entities remains ongoing.

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