Australia’s financial watchdog cancels the financial service licence of a Sydney-based firm after it raises allegations that the company sold $100,000 worth of fake bonds. According to reports from multiple outlets, the bonds were marketed as if they came from Macquarie, but the watchdog says the bond instrument purportedly backing the sales did not exist. The regulator’s action is described as a licence cancellation tied to the firm’s conduct in relation to the bond offering. The accounts agree that the disputed sales total is $100,000 and that the company presented the product as Macquarie-related. While the outlets focus on the watchdog’s finding that “a bond that did not exist” was offered to customers, they do not present additional details in the provided excerpts about how the firm marketed the bonds, the number of affected customers, or whether any criminal charges are involved. Overall, the reports consistently state that the regulator has removed the firm’s licence as a result of the alleged sale of non-existent, Macquarie-branded bonds.