Regulatory Alerts2025-09-05
James Mawhinney Handed 15-Year Injunctions in ASIC Proceedings
ASIC secured a 15-year injunction against Mayfair 101 Group director James Mawhinney after the Federal Court found he posed an unacceptable risk of financial recklessness. Justice Button ordered the restraint due to Mawhinney's cavalier attitude toward compliance, which exposed investors to substantial losses through misleading marketing and failure to meet obligations. This final order brings the total period of restrictions against him to 20 years, following previous interim and overturned orders.
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