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Regulatory

Macquarie cops US$80m from SEC

The US securities watchdog fined Macquarie Asset Management (MAM) US$80 million after a subsidiary fudged the valuations of collateralised mortgage obligations (CMOs) within a fixed income strategy.

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Read more: SECMIMBTMAMMacquarie Asset ManagementUS Securities Exchange CommissionEric I. BustilloMacquarie Investment Management Business Trust