Shares of Marex Group fell over 8% on August 5, after a NINGI Research report alleged that the company has concealed nearly $1 billion in off-balance-sheet derivatives exposure through a Luxembourg fund it both controls and trades with. The report accuses the company of using the fund to generate non-cash trading profits and inflate operating cash flow by misclassifying structured note issuance as income. Block & Leviton is investigating.
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