Professional
Added to YB: 2025-08-07
Pitch date: 2025-08-05
MRX [bearish]
Marex Group plc
-33.99%
current return
Author Info
NINGI Research publishes research reports and notes on publicly traded companies in the US and Europe. The research is sector-agnostic and tends to be focused on forensic accounting. Sign up for the newsletter.
Company Info
Marex Group plc, a financial services platform company, provides liquidity, market access, and infrastructure services to clients in the commodity and financial markets in the United Kingdom, the United States, and internationally.
Market Cap
$3.2B
Pitch Price
$34.35
Price Target
N/A
Dividend
1.35%
EV/EBITDA
N/A
P/E
11.54
EV/Sales
N/A
Sector
Capital Markets
Category
N/A
Marex Group plc (NASDAQ: MRX): A Financial House of Cards (short)
MRX short: Hidden off-balance-sheet entities in Luxembourg hold $930M derivatives. Exploiting revenue recognition via self-dealings, booking fake 'fair value' gains. Debt misclassified as cash flow. Multiple accounting discrepancies: $17M fictitious receivable, vanishing $183M loan. CEO from Lehman's Repo 105 scandal. Insiders sold $30.2M post-IPO.
Read full article (3 min)