The Australian Securities and Investments Commission says a ruling against fund promoter Mayfair 101 will empower the regulator to crack down on aggressive advertising – including that done via internet search terms.
ASIC 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 comprehensive win”.
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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
