Insider Trading – Fine and Wholly-Suspended Sentence

shares-insider-tradingOur client pleaded guilty to 4 counts of Insider trading. He profited $25,613 from buying shares whilst receiving information about a possible company takeover. He invested some $172,000 in the transactions.

The Prosecution sought an immediate custodial sentence of between 2 and 3 and a half years jail time.

We successfully analysed all the recent cases in this area and distinguished our client’s situation from those that have been before the Courts in the past. We represented the client at the Melbourne County Court and he ultimately received a fine and a wholly-suspended sentence.


DISCLAIMER: This is a real case study of an actual case from our files. Details pertaining to the client have been changed to protect their privacy. The sentence imposed and the charge have not been altered. These case studies are published to demonstrate real outcomes and give an indication of possible tariffs in Court. We do not guarantee a similar case on these charges will get the same result. Please note that we post results at our discretion, therefore while many case studies are average results, others are notable for their exceptional outcomes. PUBLISHED 25/02/2013