Business
Macquarie Securities cops fifth fine in six years – The Australian Financial Review
The markets disciplinary panel has slugged Macquarie $126,000 and rapped the company on the knuckles for its “not unblemished” disciplinary history.
It paid a $300,000 fine in 2019, a $505,000 penalty in 2017, $120,000 the year before that and $110,000 in 2015.
The panel said Macquarie has now ensured no buyback trading would be routed through ASX Centre Point and it has not used the channel for buybacks since November 2020.
According to ASIC, this is the first matter considered by the disciplinary panel under the new penalty regime that applies to conduct occurring after 13 March 2019, highlighting the material uplift in the penalty slapped…
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