Man arrested for insider trading in ASIC case

Steffy Bogdanova
December 19, 2022 9:03 am

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.

LeapRate Analyst

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
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