Two men sentenced in Australia’s largest insider trading case (ASIC, 2015)

Judgment entered

✓ Checked against the primary document on October 2, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

Report an error in this record (asic-15-058mr-insider-trading-2015) by email

In March 2015 two men were sentenced in the Victorian Supreme Court to 7 years 3 months and 3 years 3 months for roles in Australia's largest insider trading scheme, totalling about A$7 million, charged in 2014 with insider trading, money laundering and abuse of public office.

The record

What was ordered

Civil penalty

—

Disgorgement

—

Prejudgment interest

—

Total relief

—

Alleged gain

—

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Australian Securities and Investments Commission announced the sentences on March 17, 2015 as release 15-058MR, jointly with the Treasury ministers.

An AFP-led investigation with ASIC found that a National Australia Bank employee received sensitive information from an Australian Bureau of Statistics employee and used it to trade foreign exchange derivatives over about nine months, earning about A$7 million, which was forfeited.

The longer sentence, 87 months, is recorded. The record previously showed the matter as dismissed, which is wrong.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Insider trading — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2015-03-17 ASIC media release

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• ASIC media release

The linked release is published by the issuing regulator under its own terms. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.