ASIC v. Cameron Waugh (insider trading, 2024)

Judgment entered

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In January 2024 Cameron Waugh, a former corporate adviser, pleaded guilty in the Stirling Gardens Magistrates Court to one count of applying for shares in Genesis Minerals while in possession of inside information, in breach of section 1043A of the Corporations Act. ASIC alleged he acquired 747,626 shares between 14 and 21 September 2021 knowing of a funding proposal and board restructure, and the matter was sent to the Supreme Court of Western Australia for sentencing on 26 March 2024.

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 plea on 24 January 2024 in release 24-009MR; the Commonwealth Director of Public Prosecutions prosecutes.

ASIC alleged that through his role at Omnia Company Pty Ltd, Waugh knew of a multi-million-dollar placement of Genesis shares and a board change before the 22 September 2021 announcement, after which the share price rose 187 percent. The offence carried a maximum of 15 years' imprisonment at the time; no sentence was imposed when the release was published.

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. 2024-01-24 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.

Same matter

The library links these 2 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.