Macquarie Investment Management Business Trust will pay $79.8 million to settle charges for overvaluing approximately 4,900 largely illiquid collateralized mortgage obligations held in 20 advisory accounts, including 11 retail mutual funds. Vanguard has reached a settlement with investors accusing the firm of breaching its fiduciary duty, resulting in significant capital gains tax bills, leading a federal court to pause the litigation. Australia's ASIC has fined Macquarie Bank a record A$4.995 million for serious market gatekeeper failure, as acknowledged by ASIC's Markets Disciplinary Panel. Additionally, Vanguard Investments Australia has been fined A$12.9 million ($8.9 million) for making misleading claims about its ethical and green investment options, with 74 per cent of its ESG fund's market value not screened for ESG criteria. Merrill Lynch and Harvest Volatility Management will pay $9.3 million in fines to settle SEC charges related to investment limits and fees.