• Mayfair 101

AFR Journalists Choose Prizes Over Truth for Aussie Investors

Updated: Feb 8

The letter below was sent to the Australian Financial Review 'Letters to the Editor' section on 7 June 2020 by Mayfair 101's Managing Director, James Mawhinney. It was in response to an article published by Jonathan Shapiro and Liam Walsh titled 'A Dark Day: the personal toll of Mayfair 101's trouble'.

The AFR refused to publish the letter despite it being sent twice to the AFR's Editor in Chief, Michael Statchbury.

It follows an Australian Press Council complaint submitted by Mayfair 101 on 31 January 2020. The complaint called for an enquiry into the imbalanced reporting of the Australian Financial Review following a series of eight articles published by Jonathan Shapiro that were overwhelmingly negative, selectively omitted key information, were vendetta-like, and were causing damage to the Group's underlying investments.

The Australian Press Council responded on 6 March 2020 advising that it didn't consider a breach of the Press Council's Standards of Practice had occurred.

Click here to view the Letter to the Editor of the Australian Financial Review

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This website is published by Online Investments Pty Ltd (t/a ‘Mayfair 101’) (ABN 981 34 785 890, AFSL Auth. Rep. No. 001 274 568 of Quattro Capital Group Pty Ltd (ABN 88 128 914 965, AFSL 334653)). It is provided by way of general information only, is subject to change, and may not be relied upon by any person. Mayfair 101 is an Australia-based provider of investment and corporate advisory services, including funds management, asset management, capital raising, corporate advisory, mergers and acquisitions advisory, and direct investment, either directly or through members of its corporate group. Mayfair 101’s authority under its appointment by Quattro Capital Group Pty Ltd under the Corporations Act 2001 (Cth) is limited to the provision of financial services to wholesale clients in Australia only, including general (not personal) financial product advice relating to deposit products, foreign exchange contracts, derivatives, interests in managed investment schemes and securities. Mayfair 101 and the members of its corporate group may have a beneficial interest in the financial services and products of that group. Mayfair 101 provides advice in relation to financial products of its corporate group only, and terms, conditions and risks apply in respect of such financial products. Such financial products are not a comprehensive range of all possible investment products, are not bank deposits and (like most investments) may be subject to greater risk of capital loss and negative returns than traditional investment products. Prospective investors are strongly encouraged to seek independent professional legal, financial, accounting, taxation and valuation advice before deciding whether they consider any financial products to be suitable for them, and to request any relevant disclosure documents (such as Product Disclosure Statements and/or Information Memoranda) to ensure that they are fully informed before making any investment decision. Past performance should not be relied on as an indicator of future performance. The financial products offered by Mayfair 101 and its corporate group are available to wholesale clients resident in Australia only. Mayfair 101 does not accept investment from retail clients, non-wholesale clients or residents of countries other than Australia. Mayfair 101 and the members of its corporate group are not deposit-taking institutions in Australia or elsewhere and are not authorised to conduct banking activities under the Banking Act 1959 (Cth).

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