Mayfair 101 loses appeal of $30M penalty in ASIC’s misleading conduct case

ASIC 2022-10-10 12:08 pm By Christine Caulfield

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In a win for the corporate regulator, an appeals court has rejected investment group Mayfair 101’s appeal of a $30M penalty following a judge’s finding that it misled investors about the level of risk of its financial products.

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