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Showing 11 - 20 of 54 results for %22M Core Notes%22

Federal Court fines Mayfair $30m

CHLOE WALKER  |  THURSDAY, 23 DEC 2021
... Mawhinney has continued to defend himself through widely distributed media releases. The subsidiaries that offered the M Core Notes and the IPO Wealth Fund are now in liquidation; redemptions in the remaining products have been suspended since March ...

ASIC chases $12m from Mayfair

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... deceptive' conduct in relation to Mayfair's advertising of what it described as fixed-interest investment products, the M Core Notes and the M+ Notes. The notes allegedly funded a range of investments including the purchase of tourism properties at Mission ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
... employees or any companies he is a part of cannot solicit funds in connection with any financial products for 20 years. The M Core Fixed Income Notes, M+ Fixed Income Notes and Australian Property Bonds which were advertised to wholesale investors by ...

Mayfair found to have misled

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 MAR 2021
... lose some or all their initial investments. The Federal Court found Mayfair made false and misleading statements about the M Core Fixed Income Notes, advertising them as fully secured financial products when funds were actually lent to a related party ...

AFCA left toothless on Mayfair complaints

ELIZABETH MCARTHUR  |  MONDAY, 22 MAR 2021
... it supposedly protects," she said. Vic and Maria, aged 73 and 85, also lost their life savings after investing in M Core notes. Another investor, Lorraine, lost $750,000 - her entire self-managed superannuation fund. "[That money] was destined to buy ...

Mayfair 101 wins case, questions remain

ELIZABETH MCARTHUR  |  MONDAY, 8 MAR 2021
... the firm's marketing. Stuart Klees sued M101 Holdings, claiming that he was deceived into investing in the M+ and M Core Notes, but the judge found Klees failed to prove his case. This is despite M101 Nominees, which issued the M Core notes, being wound ...

CountPlus profit down 53%

ANNABELLE DICKSON  |  TUESDAY, 23 FEB 2021
... financial improvement, delivered by disciplined financial controls, diligent operational process, and a focus on deliverables in core businesses," Rowe said. Count Financial noted a drop in adviser numbers over the 12 months from 284 to 238. It expects ...

Mayfair 101 heads to mediation

ELIZABETH MCARTHUR  |  FRIDAY, 11 DEC 2020
... representations. However, ASIC still alleges Mayfair 101 made false and misleading claims about the M+ Fixed Income Notes and M Core Fixed Income Notes, including comparing the products to bank term deposits. ASIC alleges that this could have caused ...

Mawhinney lashes out at regulator

ELIZABETH MCARTHUR  |  TUESDAY, 29 SEP 2020
... out of funds raised from other M Core noteholders or to a lesser extent M+ noteholders," the liquidator said. The M Core notes were marketed as extremely low risk fixed income debentures with dollar-for-dollar security. ASIC has continued to allege this ...

Chief economist update: Zero beyond 2023

BENJAMIN ONG  |  THURSDAY, 17 SEP 2020
... COVID-19 pandemic, when America's unemployment rate hit a near 50-year low of 3.5%. That failed to lift the headline and core PCE price indices - the Fed's inflation target - above 2%, did it not? Even assuming that chairman Powell and his merry ...