• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura
  • Class Actions
  • Criminal
  • Events
  • Features
  • Global
  • People
  • SEC
Browse: Home / 2009 / December / 15 / Australia: ASIC Charges Former KPMG Manager With Insider Trading

Australia: ASIC Charges Former KPMG Manager With Insider Trading

By Securities Docket on December 15, 2009, 1:51 pm

australian-flag-230In Australia, ASIC has charged a former senior manager at accounting firm KPMG with insider trading. The former KPMG employee is Andrew Dalzell, who appeared in the Downing Centre Local Court in Sydney and was granted conditional bail pending his next court appearance in February.

ASIC alleges that while in the course of his employment by KPMG in November 2006, Dalzell bought 40,000 shares in Promentum Limited while possessing inside information about a proposal by Promentum to acquire the McMillan Group. Dalzell has been charged with a single charge of insider trading under the Corporations Act.

BusinessDay reports that KPMG alerted ASIC to the issue, and has been cooperating with ASIC since then. A KPMG spokeswoman said Dalzell was no longer employed at the firm.

Read the BusinessDay article

Posted in Global | Tagged Insider Trading

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

The inside story behind the collapse of Queensland Nickel

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2023 Securities Docket.

  • Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
  • Criminal
  • Class Actions
  • Features
  • Global
  • People
  • SEC
  • Events