Original article by David Ross
The Australian – Page: 19 : 8-Mar-21
It has revealed that the Australian Securities & Investments Commission wrote to Nine Entertainment in early August about possible insider trading by one of its staff. The period in question that ASIC was interested in was from January to 10 July, with correspondence between Nine and ASIC on the matter continuing until 21 August, just days before Nine issued its financial results on 27 August. It is believed the matter is no longer a subject of inquiry, with both Nine and ASIC declining to comment on the issue.
AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC
Original article by Michael Roddan
The Australian – Page: 19 : 23-Sep-19
Australian National University academic Dr Dean Katselas has studied the trading of shares by directors following the release of listed companies’ earnings announcements. He says directors typically sell shares when positive information about their company is released and spark a jump in its share price, while they buy shares after the release of negative information that sees the share price depressed. Katselas says ‘contrary’ share trades are being made on the basis of non-public information about a company’s future performance, which he says essentially amounts to insider trading.
AUSTRALIAN NATIONAL UNIVERSITY, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION
Original article by Misa Han
The Australian Financial Review – Page: 1 & 2 : 3-Jun-16
Former investment banker Oliver Curtis could be jailed for up to five years after being convicted of conspiracy to commit insider trading. The Australian Securities & Investments Commission had alleged that he profited by using market-sensitive information to trade contracts for difference in 2007 and 2008. Curtis had used inside information supplied by co-conspirator John Hartman, an equities dealer at Orion Asset Management. Hartman has served a 15-month jail term, and received a reduced sentence for providing evidence against Curtis.
ORION ASSET MANAGEMENT (AUST) PTY LTD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, MACQUARIE GROUP LIMITED – ASX MQG, LYNAS CORPORATION LIMITED – ASX LYC, CLIFFORD CHANCE
Original article by Darren Davidson
The Australian – Page: 25 : 17-Aug-15
The Australian Securities & Investments Commission (ASIC) has decided not to take further action against Nine Network CEO David Gyngell. ASIC officers examined a large number of email and text message records but found no evidence supporting insider trading allegations. The investigation was triggered by the sale of 700,000 Nine shares by Gyngell on 20 May 2015
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, SEVEN GROUP HOLDINGS LIMITED – ASX SVW, CRICKET AUSTRALIA
Original article by Patrick Durkin
The Australian Financial Review – Page: 3 : 18-Mar-15
The Supreme Court of Victoria has jailed two men on insider trading charges. Lukas Kamay will be eligible for parole after serving four and a half years in jail, while Christopher Hill can apply for parole after two years. Kamay was working as a foreign exchange trader at National Australia Bank when the illegal bets on the Australian dollar were made during 2013 and 2014. Kamay was also jailed on money laundering and identity theft offences
SUPREME COURT OF VICTORIA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN BUREAU OF STATISTICS, UNIVERSITY OF MELBOURNE, MONASH UNIVERSITY, VICTORIA. DIRECTOR OF PUBLIC PROSECUTIONS, AXICORP PTY LTD, PEPPERSTONE FINANCIAL PTY LTD
Original article by Georgia Wilkins, Patrick Durkin
The Australian Financial Review – Page: 9 : 12-Dec-14
Lukas Kamay and Christopher Hill could be jailed for at least 10 years after being convicted for engaging in insider trading. The court had been told that Kamay gained $A7m from foreign exchange trades that were based on information supplied by Hill. The two men will be sentenced in February 2015, and will be held in custody after the Supreme Court of Victoria cancelled their bail
SUPREME COURT OF VICTORIA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIAN BUREAU OF STATISTICS, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, JBWERE LIMITED