ASIC media releases are point-in-time statements. Please note the date of issue and use the internal search function on the site to check for other media releases on the same or related matters.

Thursday 8 June 2017

17-177MR Macquarie Equities remediation program - update

ASIC notes that the remediation program established by Macquarie Equities Limited (MEL) under its Enforceable Undertaking with ASIC (see 13-010MR and 14-201MR) is substantially complete.

Since the remediation program was established in 2014, MEL has paid approximately $24.7m of compensation (including interest) to 263 clients.

A small number of cases have not been finalised - typically because they are the subject of litigation or a current FOS complaint.

ASIC acknowledges the cooperation and responsiveness of MEL during the remediation program.

Media centre

Receive media releases

Subscribe to the email distribution by sending your name, title, organisation, email address and contact phone numbers to media.subscription@asic.gov.au.

Follow us on Twitter @asicmedia

Last updated: 08/06/2017 11:59