WA man charged with insider trading

ASIC insider trading

19 December 2022
| By Laura Dew |
image
image
expand image

A West Australian man has been charged by the Australian Securities and Investments Commission (ASIC) with offences relating to insider trading.

Cameron Waugh of Cottesloe, WA, was charged by ASIC as it was alleged he traded in shares of Genesis Minerals on the ASX from 14 September, 2021 to 20 September, 2021, while in possession of inside information about the business.

The maximum penalty for an insider trading offence was 15 years imprisonment. 

ASIC obtained bail conditions preventing Waugh from leaving Australia. 

He appeared before the Bunbury Magistrates’ Court on 16 December, 2022, charged with six counts of insider trading contrary to s1043A of the Corporations Act 2001 (Cth).  

ASIC said it expected the matter to return to the court on 13 January, 2022.  

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks 4 days ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week 3 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

5 days 18 hours ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

4 days 22 hours ago