Investigation into claims for Mayfair 101’s ‘M Core Fixed Income’ investors
Omni Bridgeway is funding an investigation into claims that investors in Mayfair 101’s ‘M Core Fixed Income’ product may have for loss and damage relating to their investment.
M Core Fixed Income noteholders are invited to register their details below.
In November 2019, investment group Mayfair 101 launched a fixed income investment product, ‘M Core Fixed Income’. The product promised “a secure investment proposition for a growing customer base who are finding that earning a low rate of return on their idle money is not only undesirable but increasing unsustainable”. Prospective investors were invited to purchase notes which paid interest between 3.25% and 4.95% per annum.
On 16 April 2020, the Federal Court ordered that Mayfair 101 cease advertising, promoting or marketing the M Core Fixed Income product after ASIC alleged that Mayfair 101 had engaged in misleading or deceptive conduct.
On 14 August 2020, the Federal Court appointed provisional liquidators over the Mayfair company that issued the M Core Fixed Income product, M101 Nominees Pty Ltd.
Further details about the proposed claim are available to M Core Fixed Income noteholders who register their interest with Omni Bridgeway below.
If you have any questions you can contact the Omni Bridgeway Client Liaison Team in our Perth office by email on [email protected] or by calling 1800 016 464.