Marex Group plc(MRX)
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Securities Fraud Investigation Into Marex Group plc (MRX) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
Globenewswire· 2025-10-01 16:00
Core Viewpoint - Marex Group plc is under investigation for potential violations of federal securities laws following allegations of accounting misconduct, including concealing significant losses and inflating profits through off-balance-sheet entities and misleading disclosures [1][2]. Group 1: Allegations and Financial Impact - A report by NINGI Research claims that Marex has concealed nearly $1 billion in off-balance-sheet derivatives exposure through a Luxembourg fund, which it controls and trades with, leading to inflated operating cash flow [2]. - Following the allegations, Marex's stock price dropped by $2.33, or 6.2%, closing at $35.31 per share on August 5, 2025, resulting in financial harm to investors [3]. Group 2: Legal and Whistleblower Information - Glancy Prongay & Murray LLP is representing investors in pursuing claims to recover losses related to Marex [2]. - Individuals with non-public information about Marex are encouraged to consider participating in the SEC Whistleblower Program, which offers rewards of up to 30% of any successful recovery made by the SEC [5]. Group 3: About the Law Firm - Glancy Prongay & Murray LLP is a prominent law firm specializing in securities litigation and has a strong track record in recovering billions for investors [6][7].
Securities Fraud Investigation Into Marex Group plc (MRX) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Globenewswire· 2025-09-30 19:00
LOS ANGELES, Sept. 30, 2025 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz continues its investigation of Marex Group plc (“Marex” or the “Company”) (NASDAQ: MRX) on behalf of investors concerning the Company’s possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON MAREX GROUP PLC (MRX), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On August 5, 2025, NINGI Research published a report alleging, among ot ...
MAREX INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. is Investigating Marex Group PLC on Behalf of Marex Stockholders and Encourages Investors to Contact the Firm
Globenewswire· 2025-09-25 21:47
Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Marex (MRX) To Contact Him Directly To Discuss Their Options If you purchased or stock in Marex and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Sept. 25, 2025 (GLOBE NEWSWIRE) -- What’s Happening: Bragar Eagel & Squire, P.C., a nationally recognized stockholde ...
S&P Global Ratings assigns first-time rating of BBB to Marex Capital Markets Inc. (MCMI)
Globenewswire· 2025-09-23 13:28
NEW YORK, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Marex Group plc (“Marex”; NASDAQ: MRX), the diversified global financial services platform, today announced that S&P Global Ratings has assigned a first-time long-term Issuer Default Rating (IDR) of BBB to its US-based subsidiary, Marex Capital Markets Inc. (“MCMI”) with a stable outlook. The new rating for MCMI reflects its status as core to Marex Group and its significance to the overall business. S&P noted that MCMI is intrinsic to Marex’s global strategy and ...
S&P Global Ratings affirms BBB- rating and stable outlook for Marex Group plc; assigns first-time rating of BBB to Marex Capital Markets Inc. (MCMI) and addresses recent short seller report
Globenewswire· 2025-09-23 13:28
Core Viewpoint - S&P Global Ratings has affirmed Marex Group's rating at BBB- with a stable outlook and assigned a first-time long-term Issuer Default Rating (IDR) of BBB to its US-based subsidiary, Marex Capital Markets Inc. (MCMI) [1][3] Group Performance and Ratings - The affirmation of Marex's overall rating is based on its robust performance and strong capitalization [3] - The new rating for MCMI reflects its core status to Marex Group, highlighting its importance to the overall performance of the Group [3] Management Response to Allegations - S&P considered recent short-seller allegations in its ratings analysis but concluded that these allegations are unlikely to materially impact Marex's franchise [2] - The management's response to the allegations was taken into account, and S&P's analysis remains unchanged [2] CEO's Commentary - The CEO of Marex stated that the affirmation of the overall rating validates the company's strategy and success in building a resilient and strongly capitalized business [4] - The addition of MCMI recognizes the growth of Marex's US operations and their significance to the Group [4] Company Overview - Marex Group plc is a diversified global financial services platform providing essential liquidity, market access, and infrastructure services across energy, commodities, and financial markets [4] - The Group has a leading franchise in major metals, energy, and agricultural products, with access to 60 exchanges and over 2,400 employees worldwide [4]
Barclays Reiterates Buy, $50 PT on Marex Group (MRX) as Q2 Revenue Jumps 18% on Prime Services
Yahoo Finance· 2025-09-22 07:18
Group 1 - Marex Group (NASDAQ:MRX) is currently considered one of the best new stocks to buy, with a Buy rating from Barclays analyst Benjamin Budish and a price target of $50 [1] - The company reported strong financial results for Q2 and H1 2025, generating approximately $1 billion in H1 revenue, with Q2 revenue increasing 18% year-over-year to $500.1 million [2] - Agency and Execution revenue saw a significant increase of 59% to $260.8 million, driven by strong Securities performance and the expansion of Prime Services, while Clearing revenue increased 12% to $138.8 million [2][3] Group 2 - Market Making revenue decreased by 17% to $57.4 million, primarily due to lower revenues in metals compared to a record Q2 2024, despite strong performance in energy [3] - Hedging and Investment Solutions revenue also declined by 9% to $40.7 million, attributed to reduced client hedging activity amid volatility at the start of April 2025 [3] - Marex Group operates as a financial services platform provider, offering liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets across the UK, US, and internationally [4]
Marex Group Plc (MRX) Presents At Barclays 23rd Annual Global Financial Services Conference Transcript
Seeking Alpha· 2025-09-08 16:23
Company Overview - Marex went public at the end of April last year and has seen significant stock performance, increasing by 85% year-on-year [1] - The company reported a pre-IPO profit before tax (PBT) of $230 million and is currently running at a rate 75% ahead of that, with over $200 million in the first half of the year [1] Post-IPO Performance - Since the IPO, Marex has delivered consistent performance in line with market expectations, indicating strong operational execution [2]
Marex Group (NasdaqGS:MRX) FY Conference Transcript
2025-09-08 14:47
Summary of Merix Conference Call Company Overview - **Company**: Merix - **Industry**: Financial Services, specifically focusing on brokerage, asset management, and market infrastructure Key Points and Arguments Company Performance - Merix went public in April and has seen an **85% year-on-year stock performance increase** [2] - Pre-IPO profit before tax (PBT) was **$230 million**, with a current run rate of **$400 million**, indicating a **75% increase** [3][13] - The company has maintained a **35% average annual growth rate** over the last decade [14] Business Model and Market Position - Merix provides essential connectivity to exchanges, particularly in listed derivatives like futures and options, which is a **sticky and profitable relationship** with clients [4] - The company has a strong focus on **cross-selling execution and hedging services** [5] Market Environment - The macroeconomic backdrop has been favorable, with increasing exchange volumes and historically high volatility benefiting the business [11] - Interest rates have risen significantly compared to previous years, which is advantageous for Merix [11] Short Report Allegations - Earlier this year, Merix faced a short report alleging accounting issues, which the CEO refuted, stating that investors found no substance in the claims [6][8] - Post-report conversations with investors have been positive, with no lingering concerns [10] Growth Strategy - Merix aims for **40% of annual growth from acquisitions** and **60% from organic growth** [22] - Recent acquisitions include a clearing business in the Middle East and Cowen's prime brokerage business, which has significantly increased profitability [18][20] - The company is actively pursuing a pipeline of **six to seven potential deals** [21] Competitive Differentiation - Merix differentiates itself in the clearing business by offering a **broader product capability** and a focus on client service, which is seen as superior to traditional banks [30][32] - The firm connects clients to **65 different exchanges**, showcasing its extensive reach [30] Revenue Drivers - The company is adding **$750 million to $1 billion** from new clients annually, indicating robust demand for its services [34] - Cross-selling and new client acquisition are driving revenue growth, with expectations for continued expansion [36] Market Making and Securities - Market making revenues are influenced by **volatility and bid-offer spreads**, with the second quarter showing strong performance in metals despite challenges in agriculture [51][53] - The securities business has grown significantly, with a focus on **prime brokerage for mid-sized firms**, which is less competitive than larger players [47][48] Financing and Capital Allocation - Merix has issued **$500 million in senior debt** to establish a robust issuance program and plans to continue this strategy [55][56] - The company prioritizes organic growth and M&A for capital deployment, with dividends as a secondary focus [59][60] Geographic Expansion - Merix is focusing on expanding in the **Middle East, Brazil, and Asia**, recognizing the need for local presence to attract clients [65][66][67] - The U.S. market remains a key area for growth, with substantial opportunities still available [68] Additional Important Content - The CEO emphasized the importance of **integration** post-acquisition to maximize profitability and service offerings [24][25] - The firm is committed to maintaining a **high level of service quality** and adaptability to client needs, which is critical for competitive advantage [31][32]
Marex Group plc to Participate in Upcoming Barclays Global Financial Services Conference
Globenewswire· 2025-09-05 11:00
Group 1 - Marex Group plc will participate in the Barclays Global Financial Services Conference on September 8th at 9:45 a.m. ET [1] - Ian Lowitt, the Group Chief Executive Officer, will be featured in a fireside chat during the conference [1] Group 2 - Marex Group plc is a diversified global financial services platform providing liquidity, market access, and infrastructure services across energy, commodities, and financial markets [2] - The company offers four core services: Clearing, Agency and Execution, Market Making, and Hedging and Investment Solutions [2] - Marex has a strong presence in major metals, energy, and agricultural products, with access to 60 exchanges globally [2] - The company serves a wide range of clients, including large commodity producers, consumers, traders, banks, hedge funds, and asset managers [2] - Marex operates over 40 offices worldwide and employs more than 2,400 people across Europe, Asia, and the Americas [2]
Marex Group plc (MRX) Investors Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
GlobeNewswire News Room· 2025-09-04 15:00
Core Viewpoint - Marex Group plc is under investigation for potential violations of federal securities laws following allegations of accounting misconduct, which may have led to significant financial misrepresentation [1][3]. Group 1: Allegations and Financial Impact - A report by NINGI Research claims that Marex has been involved in a multi-year accounting scheme, utilizing off-balance-sheet entities and misleading disclosures to hide losses and inflate profits [3]. - The report specifically mentions that Marex concealed nearly $1 billion in off-balance-sheet derivatives exposure through a Luxembourg fund, which it controls and trades with [3]. - Following the release of this report, Marex's stock price dropped by $2.33, or 6.2%, closing at $35.31 per share on August 5, 2025, resulting in financial harm to investors [4].