July 2024
- Opinion
- Opinion
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.
- Tony Boyd
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.
- Elouise Fowler
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.
- Elouise Fowler
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.
- Elouise Fowler
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.
- Updated
- Greg Farrell
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.
- David Streitfeld
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.
- Updated
- Ava Benny-Morrison and Bob Van Voris
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.
- Brad Thompson
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.
- Liam Walsh
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.
- Updated
- Jonathan Shapiro
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.
- Jonathan Shapiro
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.
- Liam Walsh
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.
- Liam Walsh
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.
- Ava Benny-Morrison and Katherine Burton
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.
- Peter Ker
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.
- Steven Arons and Hannah Levitt
September 2023
Defending insider charge, Joe Lewis lifts his holdings in AACo
Lawyers for two pilots accused of trying to trade on inside information in Aussie beef giant also argued they had no conflict of interest.
- Liam Walsh
August 2023
- Updated
- AACo
Billionaire Joe Lewis’ representatives deny Aussie beef leak
Responding to ASX questions, AACo said neither of the board members shared information with the British businessman, indicted last week for insider trading.
- Updated
- Liam Walsh
July 2023
How billionaire backed an Australian beef giant and found trouble
UK currency trading billionaire Joe Lewis first started investing in Australia’s AACo in 2010. A lawsuit came knocking this week.
- Liam Walsh
Insider lawsuit claims AACo director leaked to UK billionaire
Joe Lewis, who owns half of beef giant AACo, has been charged with insider trading in the US and is denying the claims.
- Updated
- Liam Walsh