Caloundra man pleads guilty to insider trading (ASIC, 2022)

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-22-010mr-insider-trading-2022) by email

In January 2022 ASIC announced that Jin Xi Li pleaded guilty to insider trading in PanAust contracts for difference ahead of a takeover bid. ASIC's June 2022 release says he was sentenced to nine months' imprisonment and 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 announced the plea on January 28, 2022 as release 22-010MR. Li admitted buying 390,000 PanAust contracts between March 19 and 26, 2015 and procuring his wife to buy 265,000, before PanAust announced a takeover bid on March 30, 2015.

Outcome: ASIC release 22-149MR, published on June 20, 2022, says Li was sentenced to nine months' imprisonment and released forthwith on recognisance on the condition of good behaviour for two years. It puts his profit at about A$343,000 and quotes the sentencing judge as finding that imprisonment was the appropriate sentence. No fine is reported. The release does not give the sentencing date, so June 20, 2022 is the release date.

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. 2022-01-28 ASIC media release
2. 2022-06-20 ASIC release 22-149MR: sentenced to nine months, 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 22-149MR (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.