Brief: Macquarie unit settles U.S. SEC charges related to Puda Coal

Puda Coal

27/03/2015 14:13

March 27 (Reuters) -  
 * SEC says Macquarie Capital (USA) to pay $15 million to settle charges over 
   faulty underwriting 
 * SEC says charged Macquarie Group Ltd  MQG.AX  unit over underwriting of 
   public offering by China-based Puda Coal 
 * SEC says Macquarie Capital to also cover costs of fair fund to compensate 
   Puda Coal investors 
 * SEC says Macquarie underwrote stock offering despite having a report that the 
   offering documents contained false information 
 * SEC also charges two individuals for failing to exercise appropriate care, 
   and said they both settled 
 * SEC says the defendants did not admit or deny wrongdoing, and that the 
   individuals agreed to bans within securities industry