How ASIC’s new insider-trader busting system works
The securities industry regulator is getting better at catching insider traders thanks to improved data analytics. But the cohort of offenders is so dumb it may not make a difference.
I never cease to be amazed at the level of stupidity of insider traders, that special breed of white-collar criminals found in every major equity capital market.
A quick review of successful insider trading convictions over the past few years shows the stupidity index sinking to new lows.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
