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NEW YORK (Reuters) - A Macquarie Group investment adviser has agreed to pay $79.8 million to settle charges in connection with overvaluing collateralized mortgage obligations (CMO) held in advisory accounts, the U.S. Securities and Exchange Commission said.
The regulator found that Macquarie Investment Management Business Trust, which is a part of Macquarie Asset Management, overvalued about 4,900 largely illiquid CMOs in 20 advisory accounts, including 11 retail funds and also executed hundred...
>>> Read more: Macquarie unit to pay nearly $80 million to settle SEC charges
The regulator found that Macquarie Investment Management Business Trust, which is a part of Macquarie Asset Management, overvalued about 4,900 largely illiquid CMOs in 20 advisory accounts, including 11 retail funds and also executed hundred...
>>> Read more: Macquarie unit to pay nearly $80 million to settle SEC charges
