How to remove Smart Guard Protection Part 1
Here is another way to disable and remove this fake antivirus
Copy 
Task Manager to Windows folder and rename it as
 CMD.exe
Launch the renamed file and terminate the fake AV process.  Smart Guard Protection will not block 
CMD.exe.  You can also copy File Assassin or any program to the Windows folder and rename it to trick Smart Guard Protection.
Now that the fake AV is no longer running in the background, we can start deleting the files and registry entry to prevent it from starting with 
Windows again
On your 
Desktop right click on 
Smart Guard Protection icon and click 
Properties.  Click the 
Find Target... button.  This will launch 
explorer to the location of the fake AV file.  Delete the entire folder.
Launch regedit and navigate to
HKCU\Software\Microsoft\Windows\CurrentVersion\RunOnce
Delete the value AS2014  
Alternative:  If you have 
CCleaner, launch it and go to 
Tools | Startup and delete 
AS2014 
Scan your computer with 
MBAM to reverse the changes made by 
Smart Guard Protection.  Here is the result of the scan.
Registry Values: 1
Hijack.SecurityCenter, HKU\S-1-5-21-746137067-1078145449-682003330-1003-{ED1FC765-E35E-4C3D-BF15-2C2B11260CE4}-0\CONTROL PANEL\DON'T LOAD|wscui.cpl, No, Quarantined, [e5be7d215d1e4ee8d3e93b1110f303fd]
Registry Data: 3
PUM.Disabled.SecurityCenter, HKLM\SOFTWARE\MICROSOFT\SECURITY CENTER|AntiVirusDisableNotify, 1, Good: (0), Bad: (1),Replaced,[5350ccd2b1ca8fa79b556c2b8d7713ed]
PUM.Disabled.SecurityCenter, HKLM\SOFTWARE\MICROSOFT\SECURITY CENTER|FirewallDisableNotify, 1, Good: (0), Bad: (1),Replaced,[6c375648b5c6d462f1003661e71d04fc]
PUM.Disabled.SecurityCenter, HKLM\SOFTWARE\MICROSOFT\SECURITY CENTER|UpdatesDisableNotify, 1, Good: (0), Bad: (1),Replaced,[a8fb1886037811256f836433aa5ac63a]