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SEC fines MIMBT $79.8m for overvaluing 4,900 CMOs
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SEC fines MIMBT $79.8m for overvaluing 4,900 CMOs

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Investment adviser Macquarie Investment Management Business Trust (MIMBT) has been fined US$79.8 million for overvaluing around 4,900 largely illiquid collateralised mortgage obligations (CMOs). The US...

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