Sydney man jailed on insider trading charges (ASIC, 2016)

Judgment entered

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In June 2016 Michael Hull was sentenced in the New South Wales Supreme Court to an effective 17 months' imprisonment, released after seven months, for insider trading in three companies' shares, with a A$272,479.36 pecuniary penalty ordered by consent.

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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Penalty as published

A$272k

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. This regulator states penalties in AUD. The figure is recorded as published and is not converted, so it does not appear in the USD totals or medians used elsewhere on this site.

What is alleged to have happened

The Australian Securities and Investments Commission announced the sentence on June 3, 2016 as release 16-179MR.

Hull pleaded guilty to trading in Mac Services, Giralia Resources and Jabiru Metals shares between September 2010 and February 2011 while holding inside information conveyed by a close friend in the investment banking department of a global financial group.

He was released after seven months on a recognisance with 18 months' good behaviour. The record previously showed the matter as filed.

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. 2016-06-03 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.