Man arrested for insider trading in ASIC case

The Australian Securities and Investments Commission today announced that Cameron Waugh was charged for insider trading. The regulator consequently has asked for his arrest.

According to the official announcement, Waugh traded in shares of Genesis Minerals Limited on the ASX. The trading took place in September 2021, while he was in possession of inside information about Genesis.

ASIC ban

Waugh was charged with six counts of insider trading at his court hearing on 16 December 2016.

ASIC also obtained on order preventing the defendant from leaving the country.

Waugh now faces 15 years imprisonment as the maximum penalty.

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