Insider trader sentenced to three years imprisonment for trading in Big Un Ltd shares (ASIC, 2020)

Judgment entered

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In September 2020 former investment analyst Michael Ho was sentenced to three years' imprisonment, served by intensive correction order, after pleading guilty to five counts of insider trading and one of communicating inside information in Big Un shares and options.

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 September 11, 2020 as release 20-209MR.

Ho invested about A$1.6 million in Big Un securities between July 2016 and February 2018 while holding inside information given to him by the company's chief executive, Richard Evertz. The judge applied a 50 percent discount for his cooperation and early plea.

The record previously showed the matter with no outcome.

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. 2020-09-11 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.