Macquarie Investment Management Business Trust pays $79.8M to settle SEC charges for overvaluing CMOs and biased cross-trades.

Macquarie Investment Management Business Trust will pay $79.8 million to settle U.S. Securities and Exchange Commission (SEC) charges for overvaluing 4,900 collateralized mortgage obligations (CMOs) from January 2017 to April 2021. The SEC found that the firm mispriced assets and executed biased cross-trades among clients. Macquarie has initiated remediation efforts and will retain a compliance consultant to review its practices.

September 19, 2024
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