In 2009 there were two cases of insider trading in Australia, with one person disqualified and one sent to jail. Last year there were eight cases and two jailings, and this year looks a near certainty to beat those jailing numbers. Sure, there are still lots of people getting away with insider trading, as share price movements almost invariably attest before major market-moving announcements are made public, but the odds of being caught are shortening steadily.
Read more: The skinny on rogue trading — The Australian
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That’s interesting about Australia. I wonder how many there were in the US for the same time frame?