Regulatory Alerts2025-10-07
Victorian man sentenced in Cann Group insider trading case
ASIC announced that Antonio Stella of Donvale, Victoria, was sentenced to 11 months imprisonment and ordered to pay a $225,447.24 penalty for insider trading in Cann Group Limited shares. Stella pleaded guilty to two counts after selling over 2.5 million shares in July 2021 while in possession of non-public information regarding a $20 million share placement, resulting in a profit of $204,490. The sentence was reduced due to mitigating factors including his cooperation, ill health, and early guilty plea, with the matter prosecuted by the Office of the Director of Public Prosecutions following an ASIC investigation.
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