Macquarie Securities faces $35m penalty for misleading conduct
Macquarie Securities has admitted misleading conduct and systemic reporting failures as ASIC seeks a $35 million penalty in the NSW Supreme Court. Macquarie Securities (Australia) Limited (MSAL) admitted to misleading conduct after misreporting millions of short sales over several years due to repeated system and process failures. ASIC and the firm said they would ask the NSW Supreme Court to impose a $35 million penalty,...
Read moreDetails
