How Macquarie boss responds to the ASIC action will define her legacy

How Macquarie boss responds to the ASIC action will define her legacy

The group’s relationship with the nation’s corporate cop, the Australian Securities and Investments Commission, has been in freefall.

Macquarie Securities Sued by ASIC for ‘Repeated and Systemic Misleading Conduct’

The regulator alleged “repeated and systemic misleading conduct” over more than 14 years relating to short sale reporting. Filed in the New South Wales Supreme Court, the case marks ASIC’s first enforcement action involving short sale reporting.  The regulator claims MSAL misreported at least 73 million short sales between December 2009 and February 2024, potentially affecting between 298 million and 1.5 billion trades. ASIC claims the inaccurac…