ASIC v. Vaughan Bowen (insider trading, 2022)

Dismissed

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In December 2022 ASIC announced that insider trading charges against Vaughan Bowen, over his sale of more than five million Vocus shares in June 2019, were discharged by the Melbourne Magistrates' Court after a contested committal hearing.

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

—

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 discharge on December 23, 2022 as release 22-378MR; the magistrate discharged him on December 21, 2022.

ASIC had alleged Bowen sold the Vocus shares on June 4, 2019 while holding information that EQT Infrastructure IV Fund was likely to withdraw its takeover proposal. The matter was prosecuted by the Commonwealth Director of Public Prosecutions on ASIC's referral.

The record previously showed the matter as filed; the charges were discharged.

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. 2022-12-23 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.