Macquarie Securities is being sued by the corporate regulator, which alleges that the company engaged in misleading conduct by misreporting millions of short sales, for which it faces a potential fine up to $783 million.
The action has been lodged in the NSW Supreme Court, where the Australian Securities and Investment Commission claimed that Macquarie Securities – part of the global investment bank Macquarie Group – underreported the volume of short sales by at least 73 million between 2009 and 2024.
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