ASIC closes insider‑trading investigation into billionaire Richard White’s share sales
Australia’s securities regulator ASIC announced it has ended its probe into Richard White, founder of WiseTech, regarding $200 million of share sales made during a blackout period. The regulator said the investigation is concluded, but it continues to examine one WiseTech employee who remains under scrutiny.
First reported 1 hour ago · latest update 1 hour ago
The corporate regulator has dropped its insider trading investigation into WiseTech Global founder Richard White, but is still pursuing one of the logistics software company’s employees.
The Australian Securities and Investments Commission said it had concluded its investigations into three WiseTech employees and would take no further action against them. The Australian Financial Review first reported that White was one of the three.
“ASIC’s investigation in relation to alleged share trading by one individual remains ongoing,” an ASIC spokesperson said, adding that the regulator could not comment further while the matter continued.
ASIC did not name any of the employees or say which one remains under investigation.
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ASIC drops insider trading probe into billionaire Richard White
The regulator has closed its probe into the founder’s $200 million blackout-period share sales, but one WiseTech employee remains under investigation.
1 hour ago · David SwanASIC drops insider trading probe into billionaire Richard White
The regulator has closed its probe into the founder’s $200 million blackout-period share sales, but one WiseTech employee remains under investigation.
1 hour ago · David Swan