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Mayfair Platinum licence conflicts raise eyebrows

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Investment group Mayfair 101 finds itself facing a potential conflict of interest about its right to offer financial products.

The group that has heavily promoted its Mayfair Platinum brand as an alternative to bank deposits, operates under a financial services licence controlled by an individual who shares other business interests with the group.

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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au

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    Original URL: https://www.afr.com/companies/financial-services/mayfair-platinum-licence-conflicts-raise-eyebrows-20200102-p53odg