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Trading that came unstuck: Australia’s insider trading cases

Max Mason

Insider trading cases have produced mixed sentences over the years, but convictions, which were notoriously hard to get decades ago, have increased and maximum sentences available to judges have continued to be lifted over the past decade.

On Tuesday, former Vocus chairman Vaughan Bowen was charged with two counts of insider trading, related to the sale of 5.6 million shares. He vigorously denies the charges, which carry a maximum penalty of 15 years for each charge.

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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com

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    Original URL: https://www.afr.com/companies/financial-services/trading-that-came-unstuck-australia-s-insider-trading-cases-20210914-p58rnc