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flag Australian regulators investigate $35 million payment from fund manager Chiodo to café owner's marketing firm.

flag Australian regulators are investigating whether $35 million paid by fund manager Paul Chiodo to café owner Rashid Alshakshir's marketing firm, Bespoke Marketing, should be recovered for investors in Chiodo's troubled Shield Master Fund. flag While commission payments to financial advisers for product recommendations are banned in Australia, marketing payments are allowed. flag Chiodo maintains the payments were legitimate and commonplace, but ASIC is examining the relationship to ensure there was no improper financial advice or conflicted remuneration involved.

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