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SEC accuses Macquarie of overvaluing asset values, issues $80m penalty

Image of a building sign saying Macquarie Bank.
Photo: Cameron Spencer/Getty Images

Julie DiMauro

3 min read
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The SEC said the business also favored certain advisory clients when directing and executing cross trades, in violation of its fiduciary duty.

One of Macquarie Asset Management’s investment advisory subsidiaries in the US was handed an $80m penalty for what the SEC said was a years-long pattern of misconduct within one of its fixed income strategies.

The regulator said its settlement with Macquarie Investment Management Business Trust (MIMBT) would resolve fraud charges relating to

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