ASIC has successfully sought Court orders from to wind up Capital Guard AU Pty Ltd and appoint independent liquidators to take control of the company.
Capital Guard promoted itself – on its website, in online advertisements, on social media and in online news articles – as a regulated financial services provider that specialised in acquiring and holding corporate bonds on behalf of clients.
The Supreme Court of NSW made the orders on 27 July 2026 to wind up Capital Guard on just and equitable grounds and appointed Robert Kirman and Jacinta Nielsen of McGrathNicol as joint and several liquidators.
The liquidators will take control of the company, investigate its affairs and seek to preserve and recover assets for the benefit of creditors and investors. The liquidators can be contacted at capitalguard@mcgrathnicol.com.
ASIC Chair Sarah Court said, ‘these orders are an important step in protecting investors and ensuring an independent investigation into Capital Guard’s affairs.
'ASIC’s concerns about Capital Guard include the handling of investor funds, the apparent promotion of bond investments that may not have existed as represented, and serious failures in governance and compliance.
'The appointment of independent liquidators will help determine what has happened to investor money, preserve available assets and maximise prospects for recovery where possible.'
ASIC’s investigation indicates that Capital Guard raised approximately $17.4 million from around 80 investors and that only a small proportion of those funds remained in known company bank accounts and payment platforms.
ASIC previously cancelled Capital Guard’s Australian financial services licence after finding it had engaged in serious misconduct, including promoting a fake Macquarie Bank bond, providing false documents to its auditor and making misleading statements on its website.
ASIC’s investigation into Capital Guard and related persons and entities remains ongoing.
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Background
On 14 July 2026, ASIC applied to the Supreme Court of New South Wales to wind up Capital Guard (26-152MR).
On 29 June 2026, ASIC cancelled Capital Guard’s Australian financial services licence (26-141MR).
On 3 July 2026, ASIC added Capital Guard to the Moneysmart Investor Alert List following the licence cancellation.