Former Sigma Healthcare general manager sentenced for insider trading (ASIC, 2022)

Judgment entered

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In June 2022 former Sigma Healthcare general manager Michael Story was sentenced to 14 months' imprisonment, released on recognisance, fined A$30,000 and ordered to pay a A$70,179.37 pecuniary penalty for selling Sigma shares 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

—

Alleged gain

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Penalty as published

A$30k

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. This regulator states penalties in AUD. The figure is recorded as published and is not converted, so it does not appear in the USD totals or medians used elsewhere on this site.

What is alleged to have happened

The Australian Securities and Investments Commission announced the sentence on June 27, 2022 as release 22-157MR.

The court found Story sold Sigma shares while he held inside information about the status of negotiations to renew the supply contract with Chemist Warehouse.

The record previously showed 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. 2022-06-27 ASIC media release

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

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

Related actions

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

Record added September 10, 2026. submit a correction.