Macquarie Investment Management to refund clients Macquarie Investment Management Limited (Macquarie) is due to refund over $5.5 million to around 2,300 clients affected by system errors. The errors occurred between 2001 and 2014, on a number of products using the Macquarie Wrap Platform. ASIC has been working with Macquarie to resolve this matter in the […]
ASIC investigates Padbury’s botched $6b Oakajee deal
The Australian Securities and Investments Commission has launched civil proceedings against resources minnow Padbury Mining and its chief executive Gary Stokes over a botched $6 billion financing deal for the Oakajee port and rail project in Western Australia. In April last year Padbury, with a market capitalisation of just $70 million, told investors it had found an […]
