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flag ASIC sues Macquarie Group for failing to report up to 1.5 billion in short sales, risking market integrity.

flag Australia's financial watchdog, ASIC, is suing Macquarie Group for allegedly failing to report up to 1.5 billion short sales between 2009 and 2024, risking market integrity. flag Short sales involve selling securities not owned, with the aim of buying back at a lower price. flag Macquarie identified and self-reported the issue in late 2022, implementing additional controls. flag This is the fourth regulatory action against Macquarie by ASIC in a year.

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