Regulatory Alerts2025-08-12
ASIC Charges Former Investment Manager Rodney Forrest for Insider Trading and Unlicensed Advice
The Australian Securities and Investments Commission charged former investment manager Rodney Forrest with insider trading and providing unlicensed financial advice regarding Platinum Asset Management shares. Forrest pleaded guilty to two counts of insider trading and one count of operating without an Australian Financial Services licence, marking a key enforcement action by ASIC's new criminal investigation taskforce. The matter is being prosecuted by the Office of the Director of Public Prosecutions and is scheduled for sentencing in the Federal Court in January 2026.
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