Australia accuses Macquarie of millions of inaccurate short sale reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2025
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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.
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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.
