Macquarie Investment Management Business Trust has agreed to a $79.8 million settlement with the Securities and Exchange Commission (SEC) over allegations of inflating asset values and overstating account performance.
The agreement, which was reached without the firm admitting or denying the SEC’s findings, concludes charges that it misrepresented the value of illiquid investments and exaggerated how client portfolios were performing.
From January 2017 to April
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