Former CEO and director of Sirtex Medical Limited sentenced for insider trading (ASIC, 2020)

Judgment entered

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In June 2020 former Sirtex Medical chief executive Gilman Wong was sentenced to 18 months' imprisonment, released immediately on a A$10,000 recognisance, and disqualified from managing companies for five years, for selling Sirtex shares in October 2016 while holding inside information.

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 the sentence on June 4, 2020 as release 20-127MR.

Wong sold 74,968 Sirtex shares for about A$2.14 million on October 26, 2016 while holding inside information about sales; the shares fell about 49 percent after a December 2016 trading update, and the sale would have fetched about A$1.12 million at the later average price.

He had pleaded guilty. The record previously showed the matter as filed and described it as an allegation.

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. 2020-06-04 ASIC media release

Primary documents

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• ASIC media release

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Same matter

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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.