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Macquarie Unit To Pay $80M To End SEC's Overvaluation Claims

By Sarah Jarvis (September 19, 2024, 5:17 PM EDT) -- A subsidiary of Australian financial services company Macquarie Group Ltd. agreed Thursday to pay the U.S. Securities and Exchange Commission nearly $80 million to settle charges it overvalued largely illiquid mortgage-backed securities and carried out cross-trades that favored certain clients over others....

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