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Event Brief

ASIC files lawsuits against Shield and First Guardian

ASIC targets groups for fees linked to $1 billion super disaster affecting 12,000 Australians.
WHO: ASIC, Shield, First Guardian
WHAT: Lawsuits filed for financial misconduct
WHEN: Nov 12, 2025 at 7:00 PM ET
WHERE: Australia
WHY: To address financial misconduct leading to a superannuation crisis
Sources (1): Sydney Morning Herald

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