The Netwealth Group Ltd share price is under the spotlight today after the company announced its subsidiaries have been served with a class action concerning certain First Guardian investment options.
The company clarified that the matters underlying the claim had been before addressed in partnership with ASIC, and compensation was paid by January 2026.
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The Netwealth Group Ltd share price is under the spotlight today after the company announced its subsidiaries have been served with a class action concerning certain First Guardian investment options.
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The article, shortened and in plain language
The Netwealth Group Ltd share price is under the spotlight today after the company announced its subsidiaries have been served with a class action concerning certain First Guardian investment options. Netwealth before paid around $101 million in compensation to affected members and had already addressed related matters with ASIC.
Netwealth has confirmed it intends to defend the class action. The company clarified that the matters underlying the claim had been before addressed in partnership with ASIC, and compensation was paid by January 2026.
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