Andrew Hobbs and Tony Boyd on how investors lost $1.2 billion in Shield, First Guardian and Australian Fiduciaries, and how the gatekeepers let it happen.

This podcast is sponsored by Acenda

Further reading:
The ‘easy peasy’ approval: Shield exposes $850b super wrap industry
These funds told us they were toxic: how did Macquarie miss it?
How Macquarie ignored its own advice on Shield (and lost $100m)