Mayfair deception a ‘wake-up call’: ASIC
ASIC deputy chairman Karen Chester says fund managers have been put on notice after fixed income promoter Mayfair Platinum’s marketing was judged to be misleading.
- Australian Financial Review
“If it’s going to cause harm, we are going to come after you and the courts have said that we will win when we do.”
Mayfair 101The more accurate statement for Ms Chester to have made was "If there is no evidence of harm and no complaints from over 700 people you did business with, but some of your competitors don't like...
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Australian Financial ReviewASIC deputy chairman Karen Chester has hailed the Federal Court ruling that fixed income outfit Mayfair 101 engaged in deceptive and misleading marketing as a “timely...
Mayfair 101The case was undefended at trial. It was not a comprehensive win as ASIC's opponent was not represented in court. For the first time there will be a contested hearing of the allegations made by...
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