Caloundra man charged for insider trading (ASIC, 2017)

Judgment entered

✓ Checked against the primary document on October 4, 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-17-390mr-insider-trading-2017) by email

In November 2017 ASIC announced that Jin Xi Li of Caloundra, Queensland, had been charged with 88 offences alleging that he traded and procured others to trade PanAust CFDs on inside information about a takeover bid. In 2022 he pleaded guilty to two offences and ASIC reported on 20 June 2022 that he was sentenced to nine months' imprisonment, released on a two-year good behaviour recognisance.

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

ASIC alleged that Li held inside information about Guangdong Rising's bid for PanAust Limited, announced on March 30, 2015, when he acquired PanAust CFDs on 32 occasions in March 2015, procured others to acquire them on 55 occasions, and communicated the information to another person. The charges were laid under section 1043A of the Corporations Act. He appeared in Maroochydore Magistrates Court, was bailed, and the matter was adjourned.

Outcome: ASIC release 22-010MR (28 January 2022) says Li pleaded guilty in the District Court at Brisbane to two counts, trading while in possession of inside information and procuring his wife to trade, over CFD purchases of 390,000 and 265,000 contracts in March 2015 with combined profits of about $343,000. ASIC release 22-149MR (20 June 2022) says he was sentenced to nine months' imprisonment and released forthwith on a recognisance to be of good behaviour for two years. The releases do not say what became of the other charges laid in 2017. The matter was prosecuted by the Commonwealth Director of Public Prosecutions; the date used is the release date, since the sentencing date is not stated.

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. 2017-11-16 ASIC media release
2. 2022-01-28 ASIC reports guilty pleas to two insider trading counts
3. 2022-06-20 ASIC reports nine-month sentence, released on recognisance

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
• ASIC media release 22-010MR (guilty plea)
• ASIC media release 22-149MR (sentence)

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

Same matter

The library links these 3 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

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

Record added September 10, 2026. submit a correction.