IN BRIEF: Macquarie faces Asic civil case over short sale reporting

14th May 2025 14:27

Macquarie Group Ltd - Sydney-based banking and financial services firm - Notes commencement of civil proceedings by the Australian Securities and Investments Commission against its Australian cash brokering entity, Macquarie Securities (Australia) Ltd. Says proceedings are primarily in relation to inaccurate short sale transaction reporting. Notes that issues related to shares short sold were first identified by MSAL and self-reported to Asic in late 2022, with it identifying and reporting further related issues. Notes that reporting issues have been remediated, with additional controls also implemented. Says MSAL is reviewing Asic's claim, but will not be commenting further.

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By Christopher Ward, Alliance News reporter

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