maybe magellan should read this after using shareholder money to make principal investment in EquityMates podcast. equity mates does not appear to have an AFSL.
https://asic.gov.au/about-asic/news-centre/articles/regulatory-risk-and-finfluencer-engagement-for-company-directors/
"Before joining the company register, Magellan was a client of Equity Mates Media, having paid the podcasters to promote a virtual roadshow of its Airlie Funds Management subsidiary on social media. It is understood that at least one of the three Magellan appearances on Equity Mates episodes was part of a sponsorship arrangement"
"Market sources speculated that Magellan’s commercial support of Equity Mates was motivated by a desire to attract new and inexperienced investors to its funds – a charge to which the fund manager declined to respond."
maybe magellan should read this after using shareholder money to...
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