This Month
What ASIC’s review into public and private markets misses
The ASX’s ambition for Australia to be the most attractive place to list globally is worth striving for, but it needs to be grounded in reality.
Timing around Cettire trades cranks the rumour mill
The former ASX darling continues its descent, with one key investor pulling the ripcord at just the right time.
Kevin Gallagher avoids insider trading trial with settlement
Santos boss Kevin Gallagher will no longer be required to testify in the insider trading lawsuit brought by the liquidators of collapsed contractor Forge Group.
May
The curious case of a dubious result that scorched investors
If OFX’s results fell off the back of a truck, they were either the wrong set of numbers or landed in the hands of an idiot.
July 2024
How ASIC’s new insider-trader busting system works
The securities industry regulator is getting better at catching insider traders. But the cohort of offenders is so dumb it may not make a difference.
May 2024
Magistrate to decide if alleged Kidman insider trader faces trial
A magistrate will decide next week if Duncan Stewart will face a criminal trial for allegedly buying shares in lithium miner Kidman Resources with inside information.
Kidman Resources boss ‘likely’ source of insider information, court hears
The corporate cop claims Martin Donohue “is the most likely source” of inside information relied on by his brother-in-law Duncan Stewart to buy shares in the firm.
Market speculation may justify share buys: ASIC insider trading case
Duncan Stewart is charged with buying Kidman shares in April 2019 while aware that Wesfarmers had made a proposal to buy the company.
Ivan Boesky, convicted of 1980s insider trading scandals, dies
The rogue trader was believed to have inspired the character of Gordon Gekko, the rapacious villain played by Michael Douglas in the 1987 film Wall Street.
April 2024
He was a Silicon Valley icon worth billions. It wasn’t enough
Andreas Bechtolsheim made a legendary investment in Google that changed the world and made him billions. Then he threw it away for an insider trade worth far less.
UK billionaire Joe Lewis avoids jail for insider trading
The businessman, who half owns Australian beef giant AACo, had pleaded guilty to tipping off friends, private pilots and a girlfriend.
March 2024
Gold stock insider trader jailed for nine months
Cameron Waugh has been handed down a two-year jail term with 15 months of the sentence suspended for his insider trading in gold stock Genesis Minerals.
February 2024
AACo did not question board about leak claims after insider plea
AACo’s 52 per cent owner, UK billionaire Joe Lewis, pleaded guilty to insider trading charges in the US last month. Claims of leaks mde to him have been denied.
January 2024
Westpac to pay ‘risible’ $1.8m fine in insider trading settlement
Federal Court judge Michael Lee has lamented the modest penalty Westpac will have to pay after it struck an agreement with ASIC over insider trading charges.
Westpac, ASIC seek deal in Ausgrid insider trading case
The bank and ASIC appear ready to settle allegations Westpac traders broke the law, hedging $12 billion of debt relating to the 2016 Ausgrid privatisation.
Joe Lewis’ reach on AACo board left out of US ban
In his plea deal, the UK billionaire relinquished control over board representation of any US-listed company. Australia’s AACo has two Lewis-linked directors.
Joe Lewis’ AACo stake looks protected after insider trading plea
The British billionaire pleads guilty in New York, despite initially claiming he would defend the charges.
Billionaire Joe Lewis pleads guilty in insider trading case
He pleaded guilty in federal court in Manhattan on Wednesday to charges that he gave his longtime private pilots and a romantic partner inside information in AACo and Mirati Therapeutics.
Perth gold bug pleads guilty to insider trading in Genesis shares
Cameron Waugh acquired knowledge about a transformative change at Genesis Minerals in 2021, after which he purchased 747,626 shares.
October 2023
Dimon plans to sell $221m worth of JPMorgan shares
The planned selling is the first such transaction since Jamie Dimon took the helm at the Wall Street giant almost 18 years ago.