What has happened
ASIC has applied to the Supreme Court of New South Wales to wind up Capital Guard AU Pty Ltd. The company raised approximately $17.4 million from around 80 investors through bond investments.
ASIC's stated concerns
- The bonds promoted by Capital Guard may not have existed as described.
- Investor funds were used in ways inconsistent with what investors were told.
- The company provided false information to its auditor.
Licence cancellation and alert list
ASIC cancelled Capital Guard's Australian financial services licence on 29 June 2026. The grounds for cancellation included that the company promoted a fake Macquarie Bank bond, provided false documents to its auditor, and made misleading statements on its website.
Capital Guard was added to the ASIC Moneysmart Investor Alert List on 3 July 2026. The company's website has been taken down.
Court dates
A final hearing is scheduled before Justice Nixon in the Supreme Court of New South Wales on 27 July 2026 at 2pm. ASIC's submissions are due by 4pm on 22 July 2026. Opposing submissions are due by 12pm on 24 July 2026.
Key actions
- If you or your clients invested with Capital Guard AU Pty Ltd, check the ASIC Moneysmart Investor Alert List at moneysmart.gov.au for updates on the company's status.
- If you have information relevant to ASIC's investigation into Capital Guard or related persons and entities, contact ASIC directly, as its investigation is ongoing.
- Before investing in any bond or financial product, verify the provider holds a current AFS licence by searching ASIC's register at asic.gov.au.
This is a plain-English summary for information only, not legal or compliance advice. Always check the official source or consult a qualified professional.