On 14 May 2025, ASIC announced that it is suing Macquarie Securities (Australia) Limited (MSAL), alleging it misreported millions in short selling for over 14 years.

• alleges that between 11 December 2009 and 14 February 2024, MSAL failed to correctly report the volume of short sales by at least 73 million
• ASIC estimates this could be between 298 million and 1.5 billion short sales.
• this announcement marks the fourth regulatory action ASIC has taken against Macquarie Group in just over 12 months
• in addition to penalties, ASIC is seeking an independent review and assurance of MSAL’s regulatory reporting (including short sale reporting) systems, controls and supervisory procedures to ensure compliance with the law.