Macquarie Faces Regulatory Scrutiny
Macquarie, an Australian financial services company, is currently under regulatory scrutiny. The Australian Securities and Investments Commission (ASIC) has filed a lawsuit alleging that Macquarie failed to properly report short sales.
Background
The lawsuit comes as Macquarie’s stock price has experienced significant fluctuations over the past year. Key milestones in the company’s stock performance include:
- 52-week high: 242.9 AUD in January
- 52-week low: 160 AUD in April
- Closing price as of the last available data: 212.83 AUD
Regulatory Action
The ASIC’s lawsuit against Macquarie is a significant development in the company’s regulatory history. The outcome of this lawsuit will be closely watched by investors and industry observers.