ASIC v Mayfair Wealth Partners

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  • Mayfair 101
    Mayfair 101@mayfair-101

    response 6 months ago

    Mayfair global precedent

    Mayfair global precedent
    snippet
    Australian Financial Review

    Mayfair global precedent

    Mayfair 101
    Mayfair 101

    The case was undefended. The allegations have never been tested in any court. It is an entirely unreliable precedent.

  • Mayfair 101
    Mayfair 101@mayfair-101

    response 6 months ago

    Mayfair 101’s Monty Python moment

    Mayfair 101’s Monty Python moment
    snippet
    Australian Financial Review

    Fund managers must be "true to label" when advertising risks, returns and liquidity.

    Mayfair 101
    Mayfair 101

    Mayfair 101 was not a fund manager. It was a private investment business who borrowed pursuant to debt instruments. There is a distinct difference.

  • Mayfair 101
    Mayfair 101@mayfair-101

    post 6 months ago

    This is what ASIC said when Mayfair 101 requested a mediation (which they court ordered) - they avoided it. This would have been the first time for ASIC and Mayfair to talk, but they had no interest in it. 4-years on and at no stage has ASIC come to Mayfair to have this resolved. ASIC instead is investing millions of taxpayer dollars in pursuing Mayfair and Mr Mawhinney in circumstances where this could have been resolved four years ago as per Mayfair's recommendation to the court.

    This is what ASIC said when Mayfair 101 requested ...