ASIC's recent announcement that a technology systems upgrade will enable it to watch and tag trades by individual investors is a timely reminder that companies and persons in possession of "inside information" need to be aware of the law governing its use and disclosure.
This client update:
- briefly describes the general offence/what constitutes prohibited conduct; and
- highlights the extent of ASIC's recent activity in prosecuting insider trading and market misconduct offences.
A separate article providing companies with practical guidance on managing risk in this area will follow.
Please see full alert below for more information.
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