• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
FTI 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2010 / April / 21 / Australia: Police Raid Drug Gang Allegedly Getting Bank Tip-Offs

Australia: Police Raid Drug Gang Allegedly Getting Bank Tip-Offs

By Amanda Harding on April 21, 2010, 10:36 pm

On Tuesday, Australian police and regulators raided homes to break up a gang said to be profiting from insider stock tips from investment banks. According to Bloomberg, a drug gang allegedly used inside information to trade shares of companies before corporate transactions were announced.

On April 9, police raided the homes of two Deutsche Bank AG employees, reportedly searching for details of the gang and evidence of their stock trades.  ASIC has been investigating an employee of UBS AG who allegedly provided insider information to the syndicate, according to Bloomberg.

Read the Bloomberg article

Blog Widget by LinkWithin

Posted in Global | Tagged Australia, Insider Trading

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Securities-Docket_Medium-Rectangle_CaseStudyArrow

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2022 Securities Docket.

Powered by WordPress and Hybrid.