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ASIC brings action against Mayfair 101 for ‘misleading’ advertising
The Australian Securities and Investments Commission has launched proceedings against investment firm Mayfair 101 Group and Mayfair Platinum accusing them of misleading advertising.
Court forces ASIC to delay warning against Mayfair 101 despite COVID 19-stoked investment fears
A judge has ordered ASIC to wait 48 hours after making any decision to send a warning notice to investment conglomerate Mayfair 101 before publicly issuing the notice, despite the regulator's call for urgent action amid the COVID-19 pandemic.
Third time unlucky: Mortgage firm loses another bid to stifle derivative suit over Macquarie sale
An appeals court has dismissed a third attempt by directors of mortgage aggregator Connective Group to stifle a shareholder’s derivative lawsuit over a restructure that allowed the sale of 25 per cent of its business to Macquarie Bank.