Regulatory Alerts2025-12-19
Macquarie Securities admits to misleading conduct and agrees to pay $35 million for systemic failures
The Australian Securities and Investments Commission has initiated civil proceedings against Macquarie Securities (Australia) Limited for systemic failures that caused the misreporting of millions of short sales and regulatory data. MSAL has admitted to contravening the Corporations Act and Market Integrity Rules by failing to maintain adequate supervisory policies, technical resources, and risk management systems. The regulator seeks a $35 million penalty and other orders from the NSW Supreme Court to address the misleading conduct and undermine market transparency.
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