ASIC v. Alexander McCulloch (insider trading, 2026)

Judgment entered

✓ Checked against the primary document on October 3, 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-alexander-mcculloch-insider-trading-2026) by email

In April 2026 ASIC announced that Alexander McCulloch, a former Beacon Minerals project manager, pleaded guilty in the Supreme Court of Western Australia on 16 April 2026 to one rolled-up count of insider trading covering two trades. He procured two associates to acquire 11 million Beacon shares in January 2017 while knowing undisclosed drilling information. A second count was discontinued and a sentence hearing was set for 23 September 2026.

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

The Australian Securities and Investments Commission announced the plea in release 26-077MR; the Commonwealth Director of Public Prosecutions prosecutes after ASIC's referral. He had earlier pleaded not guilty and been listed for trial in November 2026.

The release is part of the same Beacon Minerals investigation as the Mapleson plea recorded separately. No sentence is recorded.

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. 2026-04-17 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.