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

Add new comment

The content of this field is kept private and will not be shown publicly.

Recommended for you

 
sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

 

MARKET INSIGHTS

JOHN GILLIES

tHOSE 989 WHO ARE CEASED WILL GO ON TO LIVE A LONG AND HEALTHY LIFE JG...

9 hours ago
Chris Cornish

What a sticth-up. Looks like Labor Senator Jess Walsh follows Stephen Jones who follows what the industry super funds ...

6 hours ago
Peter Swan

This report is a blatant display of far-left factional partisanship, treating superannuation funds as state property and...

6 hours ago

ASIC has cancelled the AFS licence of a Sydney wealth firm, the fifth Sydney firm to see a cancellation since the start of the year....

2 weeks 1 day ago

More than 20 winners from the funds management industry have been crowned at this year’s awards....

1 week 1 day ago

The corporate regulator has made a suspension and a cancellation of the AFSL of two Queensland-based firms. ...

1 week 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND