Australia accuses Macquarie of millions of inaccurate short sale reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2025
0mins
Source: Reuters
Lawsuit Against Macquarie Group: Australia's corporate regulator, ASIC, has filed a lawsuit against Macquarie Group for allegedly misreporting up to 1.5 billion short sales over 15 years, violating transparency rules established after the financial crisis.
Impact on Market and Compliance: The misreporting affected market sentiment and risk assessments, with ASIC seeking fines while Macquarie claims to have resolved the software issues that led to inaccuracies in its reporting.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
