A US subsidiary of Macquarie Group will pay a fine of US$6 million to the Securities and Exchange Commission in relation to its role in the structuring, sales and marketing of a US$1.6 billion collateralised debt obligation known as Delphinus CDO 2007-1 Ltd.
Lincoln Financial Group was the owner of the offending firm – Delaware Asset Advisers – at the time the transaction closed in July 2007.
Macquarie brought Delaware Investments (which owns Delaware Asset Advisers) in late 2009.
In an order published yesterday, the SEC said that Delaware "provided… inaccurate...
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