ASIC Seeks Court-Ordered Liquidation of Capital Guard Over Investor Fund Concerns

Australia's financial regulator ASIC has applied to the NSW Supreme Court to wind up Capital Guard AU Pty Ltd and appoint an independent liquidator to investigate the company's affairs and recover investor assets where possible.

ASIC said it has serious concerns over the company's management, the handling of investor funds, and whether some of the bonds promoted to investors actually existed. The regulator also alleges Capital Guard misused investor money, provided false information to its auditor, and failed to meet multiple regulatory obligations.

According to ASIC, Capital Guard raised around A$17.4 million from approximately 80 investors, but only a small portion of the funds remains in known company accounts.

The move follows ASIC's decision on 29 June 2026 to cancel Capital Guard's Australian Financial Services licence over serious misconduct, including promoting a fake Macquarie Bank bond and making misleading claims.

The court is scheduled to hear the case on 20 July 2026, while ASIC's investigation remains ongoing.