Sydney man pleads guilty to insider trading (ASIC, 2015)

Judgment entered

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In 2015, ASIC reported that Michael Hull, of Cronulla, pleaded guilty in the New South Wales Supreme Court to three charges of insider trading in shares of Mac Services, Giralia Resources and Jabiru Metals between September 2010 and February 2011. No monetary figure is stated and sentence was set for March 2016.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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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 this matter on November 9, 2015 as release 15-326MR. The respondent named is Michael Hull (1 individual, 0 entities). ASIC says Mr Hull bought shares in the three companies while holding inside information allegedly passed to him by a close friend who worked in the investment banking department of a global financial services firm on transactions involving those companies. ASIC's investigation into the person who allegedly passed on the information continues. The matter was stood over to 8 March 2016 for sentence, and the Commonwealth Director of Public Prosecutions is prosecuting.

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. 2015-11-09 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.