Regulatory Alerts2025-09-15
Melbourne man sentenced in Kidman Resources insider trading case
ASIC announced that Duncan Stewart was sentenced to 18 months imprisonment for insider trading related to Kidman Resources Limited and a takeover offer from Wesfarmers Limited. Stewart pleaded guilty to purchasing shares while in possession of confidential information and made a profit of approximately $64,975.48 before the information was made public. The case highlights ASIC's 2025 enforcement priority to strengthen the investigation and prosecution of insider trading through a new criminal investigation taskforce.
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