Reported about 1 month ago
Australia's corporate regulator, ASIC, has initiated legal proceedings against Macquarie Securities for allegedly misleadingly reporting millions of short sales over a span of 14 years, with inaccuracies totaling at least 73 million shares. The action follows a series of regulatory issues faced by Macquarie Group, including significant fines for compliance failures. ASIC is also calling for an independent review of Macquarie Securities’ reporting systems.
Source: YAHOO