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Judge finds ‘no immediate threat’ of harm in ASIC’s contempt case against Mayfair’s Mawhinney
ASIC 2022-02-18 4:19 pm By Bianca Hrovat

The Australian Securities and Investments Commission has lost an interim injunction bid against the director of investment firm Mayfair 101 in its case seeking a contempt finding, despite arguing there was a substantial risk of harm to consumers.

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IOOF unit fined $6M for financial adviser’s bad advice
Financial Services 2022-02-03 6:26 pm By Cat Fredenburgh

A judge has hit IOOF unit RI Advice with a $6 million penalty for failing to rein in an adviser who reaped hefty commissions for steering clients towards risky investments, despite earlier expressing concerns the penalty may not have enough sting.

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Mayfair 101 appeals $30M judgment in ASIC’s misleading advertising case
Financial Services 2022-01-24 10:45 pm By Christine Caulfield

Embattled investment group Mayfair 101 is challenging a judge’s decision last month to slug it with a $30 million penalty for engaging in misleading and deceptive advertising.

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Mayfair slapped with $30M fine after judge finds ASIC penalty ‘insufficient’
Financial Services 2021-12-22 10:10 am By Miklos Bolza

Beleaguered investment group Mayfair 101 will have to pay a $30 million penalty after a judge found a $12 million penalty proposed by ASIC was “insufficient”.

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ASIC seeks ‘very substantial’ $12M penalty against Mayfair
Financial Services 2021-09-29 3:09 pm By Cindy Cameronne

The Australian Securities and Investments Commission says beleaguered investment group Mayfair 101 should pay a $12 million penalty after a judge found the company misled investors about its financial products.

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Mayfair 101’s James Mawhinney says lawyers OK’d alleged misleading conduct
Financial Services 2021-09-29 9:44 pm By Cindy Cameronne

The founder of embattled investment group Mayfair 101, James Mawhinney, has said he received legal advice approving the company’s advertising of financial products that a court has found misled investors.

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Sam Newman, Donald Scott settle defamation suit over iconic AFL pic
Defamation 2021-09-20 4:25 pm By Miklos Bolza

A defamation case brought by former footy show host Sam Newman and AFL veteran Donald Scott against sports photographer Wayne Ludbey over comments made about a historic image of indigenous AFL footballer Nicky Winmar has settled.

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Mayfair 101’s James Mawhinney says he should not face penalty in ASIC case
Financial Services 2021-06-30 1:15 pm By Cindy Cameronne

The founder of embattled investment group Mayfair 101, James Mawhinney, will argue that he should not be ordered to pay any penalty after the company was found to have misled investors about its financial products.

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Bob Jane T-Marts CEO loses challenge to liquidator’s examination
Restructuring & Insolvency 2021-06-23 5:48 pm By Miklos Bolza

The CEO of Bob Jane T-Marts has failed to halt his public examination by the liquidator of the firm Last Lap, which is currently involved in a shareholder dispute with the Australian tyre franchise.

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Trustee of Mayfair’s IPO Wealth looks to dodge liability in $86M class action
Class Actions 2021-04-26 5:53 pm By Miklos Bolza

The trustee of Mayfair Group’s collapsed IPO Wealth Fund has denied claims in a class action that it misled investors who lost $86 million when the fund was wound up, and says it is fully indemnified for the class action’s claims under an agreement with the fund.

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