Response 6 months ago

Responded publication image

ASIC worked hard for Mawhinney’s scalp

When a Federal Court judge banned Mayfair 101 founder James Mawhinney for 20 years, the court exposed his brazen efforts to bypass consumer protection laws and take advantage of the ‘sophisticated investor’ loophole.

April 19, 2021

  • snippet
    Australian Financial Review

    the court exposed Mawhinney’s brazen efforts to bypass consumer protection laws and take advantage of the “sophisticated investor” loophole.

    Mayfair 101
    Mayfair 101

    Mayfair 101 operated within the statutory guidelines. It was allowed to offer and receive investment from qualified investors. There is no loophole - it is a law relied upon by every financial...

    Misleading
    Defamatory
    False
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    snippet
    Australian Financial Review

    When a Federal Court judge banned Mayfair 101 founder James Mawhinney for 20 years

    Mayfair 101
    Mayfair 101

    The judgement was overturned on appeal.

    Clarification
    Outdated