Former CEO and director of Sirtex Medical Limited pleads guilty to insider trading (ASIC, 2019)

Judgment entered

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In July 2019 ASIC reported that Gilman Edwin Wong, former chief executive of Sirtex Medical, pleaded guilty to one charge of insider trading over his sale of 74,698 shares on October 26, 2016 while holding inside information about sales. Sentence was pending; later notes record a sentence date of June 4, 2020.

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

Wong appeared at the Downing Centre Local Court and was committed to the District Court in Sydney for sentence. ASIC's later editor's notes record repeated adjournments, a sentencing hearing on May 15, 2020 and a reserved judgment to be delivered on June 4, 2020. The release states no sentence.

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. 2019-07-03 ASIC media release

Primary documents

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• ASIC media release

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Same matter

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Related actions

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

Record added September 10, 2026. submit a correction.