https://marketmanipulation.org/cases/agency/ASIC/ The 30 most recent Australian Securities and Investments Commission records in the Market Manipulation library, each linked to its primary source. en-us Fri, 22 May 2026 00:00:00 GMT https://marketmanipulation.org/cases/asic-26-104mr-insider-trading-2026/ https://marketmanipulation.org/cases/asic-26-104mr-insider-trading-2026/ In May 2026 the Full Federal Court re-sentenced Rodney Forrest to five years and three months' imprisonment, cutting nine months from his original sentence, after he appealed his sentence for insider trading in Platinum Asset Management shares. Fri, 22 May 2026 00:00:00 GMT ASIC insider-trading https://marketmanipulation.org/cases/asic-alexander-mcculloch-insider-trading-2026/ https://marketmanipulation.org/cases/asic-alexander-mcculloch-insider-trading-2026/ In April 2026 ASIC announced that Alexander McCulloch, a former Beacon Minerals project manager, pleaded guilty in the Supreme Court of Western Australia on 16 April 2026 to one rolled-up count of insider trading covering two trades. He procured two associates to acquire 11 million Beacon shares in January 2017 while knowing undisclosed drilling information. A second count was discontinued and a sentence hearing was set for 23 September 2026. Fri, 17 Apr 2026 00:00:00 GMT ASIC insider-trading https://marketmanipulation.org/cases/asic-26-069mr-insider-trading-2026/ https://marketmanipulation.org/cases/asic-26-069mr-insider-trading-2026/ In April 2026 ASIC announced that Richard Evans, formerly Evertz, former chief executive of the collapsed ASX-listed Big Un, pleaded guilty in the Sydney District Court to one charge of communicating inside information to a shareholder around 10 January 2017 about customer numbers for its promotional package and a $20 million funding arrangement. The trial was vacated; sentencing was part heard on 21 August 2026 and adjourned to 25 September 2026. Thu, 09 Apr 2026 00:00:00 GMT ASIC insider-trading https://marketmanipulation.org/cases/asic-26-007mr-insider-trading-2026/ https://marketmanipulation.org/cases/asic-26-007mr-insider-trading-2026/ In January 2026 fund manager Rodney Forrest was sentenced in the Federal Court to six years' imprisonment, with a three-year non-parole period, for insider trading and procuring others to trade in Platinum Asset Management shares after secretly photographing takeover documents. Fri, 23 Jan 2026 00:00:00 GMT ASIC insider-trading https://marketmanipulation.org/cases/asic-25-315mr-chat-group-pumps-2025/ https://marketmanipulation.org/cases/asic-25-315mr-chat-group-pumps-2025/ In December 2025 ASIC announced that Larissa Quinlan, Kurt Stuart, Emma Summer and Syed Yusuf had been convicted and sentenced in the Sydney District Court to intensive corrections orders of between 14 months and two years for the Telegram-organised ASX pump and dump, with fines on three of them and a pecuniary penalty order against Yusuf. Mon, 22 Dec 2025 00:00:00 GMT ASIC chat-group-pumps pump-and-dump https://marketmanipulation.org/cases/asic-25-302mr-price-manipulation-2025/ https://marketmanipulation.org/cases/asic-25-302mr-price-manipulation-2025/ In December 2025 Behzad Eghrari of Vermont South was sentenced to 15 months' imprisonment, released on a two-year recognisance, for three market manipulation charges after trading A$7.14 million of ASX shares between his own accounts. The case is wash trading, not insider trading. Fri, 12 Dec 2025 00:00:00 GMT ASIC price-manipulation wash-trading https://marketmanipulation.org/cases/asic-25-229mr-insider-trading-2025/ https://marketmanipulation.org/cases/asic-25-229mr-insider-trading-2025/ In October 2025 Antonio Stella was sentenced to 11 months' imprisonment, released on recognisance, and ordered to pay a A$225,447.24 penalty for insider trading ahead of Cann Group's July 2021 share placement. Mon, 06 Oct 2025 00:00:00 GMT ASIC insider-trading https://marketmanipulation.org/cases/asic-25-202mr-insider-trading-2025/ https://marketmanipulation.org/cases/asic-25-202mr-insider-trading-2025/ In September 2025 Duncan Stewart was sentenced to 18 months' imprisonment, released on a A$10,000 recognisance, on condition of paying a A$64,975.48 penalty, for insider trading in Kidman Resources shares before Wesfarmers' takeover proposal. Mon, 15 Sep 2025 00:00:00 GMT ASIC insider-trading https://marketmanipulation.org/cases/asic-25-163mr-insider-trading-2025/ https://marketmanipulation.org/cases/asic-25-163mr-insider-trading-2025/ In August 2025 ASIC announced charges against Rodney Forrest, a former Sydney investment manager, over trading and procuring others to trade Platinum Asset Management shares on inside information about a takeover offer, and over running a financial services business without a licence between 4 January and 8 October 2024. ASIC alleges he bought about $2.6 million of Platinum shares. He pleaded guilty to two insider trading counts in the Local Court, later entered pleas in the Federal Court, and was listed for sentencing on 23 January 2026. Tue, 12 Aug 2025 00:00:00 GMT ASIC insider-trading https://marketmanipulation.org/cases/asic-delta-power-price-manipulation-2025/ https://marketmanipulation.org/cases/asic-delta-power-price-manipulation-2025/ In June 2025 ASIC began Federal Court civil penalty proceedings against Delta Power & Energy (Vales Point) Pty Ltd, alleging it placed orders for New South Wales peak-load electricity futures shortly before the ASX 24 close on 30 occasions between September and October 2022 to affect the daily settlement price, which ASIC alleges is a financial benchmark. ASIC seeks declarations and penalties. The matter is an allegation. Mon, 30 Jun 2025 00:00:00 GMT ASIC price-manipulation marking-the-close https://marketmanipulation.org/cases/asic-25-098mr-chat-group-pumps-2025/ https://marketmanipulation.org/cases/asic-25-098mr-chat-group-pumps-2025/ In June 2025 ASIC announced that Larissa Quinlan, Kurt Stuart, Emma Summer and Syed Yusuf had pleaded guilty in the Downing Centre Local Court to conspiracy to commit market rigging and to dealing with proceeds of crime, arising from a Telegram group that promoted penny stocks to public channels in August and September 2021. Sentencing was still to come. Tue, 10 Jun 2025 00:00:00 GMT ASIC chat-group-pumps pump-and-dump https://marketmanipulation.org/cases/asic-darryl-mapleson-insider-trading-2025/ https://marketmanipulation.org/cases/asic-darryl-mapleson-insider-trading-2025/ In May 2025 ASIC announced that Darryl Mapleson, who provided geological services to Beacon Minerals, pleaded guilty in the Supreme Court of Western Australia on 12 May 2025 to one count of insider trading, amended to cover two trades. The charge is that he procured two companies he directed to buy 6,792,850 Beacon shares in January 2017 while knowing undisclosed drilling results. Two further charges were discontinued and sentencing was set for 6 August 2025. Fri, 16 May 2025 00:00:00 GMT ASIC insider-trading https://marketmanipulation.org/cases/asic-25-039mr-price-manipulation-2025/ https://marketmanipulation.org/cases/asic-25-039mr-price-manipulation-2025/ In March 2025 ASIC announced that Behzad Eghrari of Vermont South, Victoria, was charged with three offences over wash trades in Investigator Resources, Silver Mines and Lumos Diagnostics shares. He pleaded guilty and, in December 2025, the County Court of Victoria sentenced him to 15 months' imprisonment, released immediately on a two-year good behaviour recognisance. Fri, 14 Mar 2025 00:00:00 GMT ASIC price-manipulation wash-trading https://marketmanipulation.org/cases/asic-25-032mr-insider-trading-2025/ https://marketmanipulation.org/cases/asic-25-032mr-insider-trading-2025/ In March 2025 ASIC announced that Antonio Stella of Victoria was indicted on two counts of insider trading over Cann Group shares sold on 19 and 20 July 2021. He pleaded guilty on October 1, 2025 and ASIC reported on October 6, 2025 that he was sentenced to 11 months' imprisonment, released on a 12-month recognisance, and ordered to pay a A$225,447.24 penalty. Thu, 06 Mar 2025 00:00:00 GMT ASIC insider-trading https://marketmanipulation.org/cases/asic-24-289mr-insider-trading-2024/ https://marketmanipulation.org/cases/asic-24-289mr-insider-trading-2024/ In December 2024 ASIC announced that Perth accountant Vittorio Letizia had been charged in the Perth Magistrates' Court with five counts of insider trading, alleging he bought Genesis Minerals shares on five occasions in September 2021 while in possession of inside information. ASIC's later notes record committal to the Federal Court of Australia and a three-week trial listed for 30 November 2026. Mon, 23 Dec 2024 00:00:00 GMT ASIC insider-trading https://marketmanipulation.org/cases/asic-24-288mr-ponzi-schemes-2024/ https://marketmanipulation.org/cases/asic-24-288mr-ponzi-schemes-2024/ In December 2024 ASIC announced that David Sipina, a promoter of Courtenay House, was sentenced to three years' imprisonment served as an intensive correction order for aiding the director to run an unlicensed financial services business and dealing in proceeds of crime worth $1 million or more; ASIC says he did not know it was a Ponzi scheme. Sun, 22 Dec 2024 00:00:00 GMT ASIC ponzi-schemes https://marketmanipulation.org/cases/asic-24-193mr-ponzi-schemes-2024/ https://marketmanipulation.org/cases/asic-24-193mr-ponzi-schemes-2024/ In September 2024 ASIC announced that Tony Iervasi, former director of Courtenay House, was sentenced in the NSW Supreme Court to 11 years' imprisonment with a seven-year non-parole period for dishonest conduct in running what the court and ASIC called a Ponzi scheme. Mon, 02 Sep 2024 00:00:00 GMT ASIC ponzi-schemes https://marketmanipulation.org/cases/asic-cofco-international-australia-pty-ltd-marking-the-close-2024/ https://marketmanipulation.org/cases/asic-cofco-international-australia-pty-ltd-marking-the-close-2024/ In July 2024 ASIC began Federal Court civil penalty proceedings against COFCO International Australia Pty Ltd and COFCO Resources SA, alleging they placed orders shortly before the close of the ASX 24 day session on 34 occasions between January and March 2022 to affect the settlement price of January 2023 Eastern Australia wheat futures. ASIC seeks declarations and penalties. The matter is an allegation. Wed, 24 Jul 2024 00:00:00 GMT ASIC marking-the-close price-manipulation https://marketmanipulation.org/cases/asic-24-161mr-chat-group-pumps-2024/ https://marketmanipulation.org/cases/asic-24-161mr-chat-group-pumps-2024/ In July 2024 ASIC announced charges against Syed Yusuf, Larissa Quinlan, Emma Summer and Kurt Stuart over an alleged Telegram group that promoted penny stocks and sold into the buying. All four pleaded guilty to conspiracy to commit market rigging and were sentenced in the Sydney District Court on December 19, 2025 to imprisonment served as intensive corrections orders of 14 months to 2 years, with fines or a pecuniary penalty order. Tue, 23 Jul 2024 00:00:00 GMT ASIC chat-group-pumps pump-and-dump https://marketmanipulation.org/cases/asic-henry-eng-chye-heng-price-manipulation-2024/ https://marketmanipulation.org/cases/asic-henry-eng-chye-heng-price-manipulation-2024/ In April 2024 Eneco Refresh founder Henry Heng was sentenced to 18 months' imprisonment, released on recognisance, for market manipulation and creating a false appearance of active trading, using family trading accounts, from 2020 to 2021. It is not an insider trading case. Mon, 22 Apr 2024 00:00:00 GMT ASIC price-manipulation https://marketmanipulation.org/cases/asic-24-050mr-ponzi-schemes-2024/ https://marketmanipulation.org/cases/asic-24-050mr-ponzi-schemes-2024/ In March 2024 ASIC announced that David Sipina pleaded guilty to carrying on an unlicensed financial services business and dealing in proceeds of crime worth $1 million or more through his role referring and marketing for Courtenay House; ASIC says it is not alleged he knew of the Ponzi scheme. Tue, 19 Mar 2024 00:00:00 GMT ASIC ponzi-schemes https://marketmanipulation.org/cases/asic-24-011mr-2024/ https://marketmanipulation.org/cases/asic-24-011mr-2024/ In January 2024 the Federal Court declared that Westpac engaged in unconscionable conduct by pre-hedging a A$12 billion interest rate swap for the AustralianSuper and IFM consortium buying Ausgrid, and ordered the maximum A$1.8 million penalty plus A$8 million toward ASIC's costs. It is not an insider trading case. Wed, 31 Jan 2024 00:00:00 GMT ASIC https://marketmanipulation.org/cases/asic-cameron-waugh-insider-trading-2024/ https://marketmanipulation.org/cases/asic-cameron-waugh-insider-trading-2024/ In January 2024 Cameron Waugh, a former corporate adviser, pleaded guilty in the Stirling Gardens Magistrates Court to one count of applying for shares in Genesis Minerals while in possession of inside information, in breach of section 1043A of the Corporations Act. ASIC alleged he acquired 747,626 shares between 14 and 21 September 2021 knowing of a funding proposal and board restructure, and the matter was sent to the Supreme Court of Western Australia for sentencing on 26 March 2024. Wed, 24 Jan 2024 00:00:00 GMT ASIC insider-trading https://marketmanipulation.org/cases/asic-henry-eng-chye-heng-price-manipulation-2023/ https://marketmanipulation.org/cases/asic-henry-eng-chye-heng-price-manipulation-2023/ In December 2023 ASIC reported that Eneco Refresh founder and chair Henry Eng Chye Heng pleaded guilty in the Perth Magistrates Court to one count of market manipulation and one of creating a false appearance of active trading, over trades in family-held accounts in 2020 and 2021 to manipulate Eneco's share price, with a sentence mention set for February 2024. The $6,660 in the release is a maximum fine for a different, notification offence, not a penalty imposed. Mon, 04 Dec 2023 00:00:00 GMT ASIC price-manipulation https://marketmanipulation.org/cases/asic-interactive-brokers-marking-the-close-2023/ https://marketmanipulation.org/cases/asic-interactive-brokers-marking-the-close-2023/ In September 2023 ASIC reported that Interactive Brokers Australia Pty Ltd had paid an A$832,500 infringement notice penalty after its Markets Disciplinary Panel found it negligent in failing to identify a client's suspicious closing-auction orders in Orthocell shares and reckless in letting the client keep trading after ASIC raised concerns. Payment resolves the notice; the client's conduct is the marking of the close. Wed, 20 Sep 2023 00:00:00 GMT ASIC marking-the-close https://marketmanipulation.org/cases/asic-23-227mr-insider-trading-2023/ https://marketmanipulation.org/cases/asic-23-227mr-insider-trading-2023/ In August 2023 ASIC announced insider trading charges against Duncan Stewart over Kidman Resources shares ahead of Wesfarmers' 2019 takeover proposal. Updates record that he pleaded guilty and on September 15, 2025 was sentenced to 18 months' imprisonment, released on recognisance, with a A$64,975.48 penalty. Thu, 24 Aug 2023 00:00:00 GMT ASIC insider-trading https://marketmanipulation.org/cases/asic-openmarkets-2023/ https://marketmanipulation.org/cases/asic-openmarkets-2023/ In 2023, ASIC announced that Openmarkets Australia Limited had paid a record A$4.5 million infringement notice penalty and entered an enforceable undertaking over weaknesses in its surveillance of suspicious client trading, and that a former acting head of trading was banned for three years. Wed, 05 Jul 2023 00:00:00 GMT ASIC https://marketmanipulation.org/cases/asic-23-161mr-insider-trading-2023/ https://marketmanipulation.org/cases/asic-23-161mr-insider-trading-2023/ In June 2023 ASIC announced that Big Un's former chief financial officer Andrew Corner was charged with insider trading over sales of 1.7 million Big Un shares. After a five-week trial ended on 30 March 2026 with a jury unable to reach a verdict, the prosecutor decided not to seek a retrial and ASIC announced on 1 June 2026 that it considers the matter finalised. Tue, 13 Jun 2023 00:00:00 GMT ASIC insider-trading https://marketmanipulation.org/cases/asic-23-131mr-naked-short-selling-debate-2023/ https://marketmanipulation.org/cases/asic-23-131mr-naked-short-selling-debate-2023/ In May 2023 ASIC banned former Gleneagle Securities fund manager Gregory Tolpigin from providing financial services for three years after finding he sold shares he neither owned nor had borrowed on 150 occasions between January and August 2021, over $7 million in total. Mon, 22 May 2023 00:00:00 GMT ASIC naked-short-selling-debate https://marketmanipulation.org/cases/asic-23-124mr-insider-trading-2023/ https://marketmanipulation.org/cases/asic-23-124mr-insider-trading-2023/ In May 2023 ASIC announced that Vaughan Bowen was indicted on two counts of insider trading over the June 2019 disposal of Vocus Group shares. A jury found him not guilty of both counts after a nearly five-week trial in the County Court of Victoria, as ASIC reported on 13 December 2024. Fri, 12 May 2023 00:00:00 GMT ASIC insider-trading