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Macquarie Investment Management to pay $80 million in connection with overvaluing assets, US SEC says

( September 19, 2024, 17:53 GMT | Official Statement) -- MLex Summary: Macquarie Investment Management Business Trust agreed to a $79.8 million settlement with the US Securities and Exchange Commission for allegedly overvaluing approximately 4,900 largely illiquid collateralized mortgage obligations held in 20 advisory accounts and for executing hundreds of cross-trades between advisory clients that favored certain clients over others.Statement follows in full. Also see document below. ...

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