The Chinese walls that Macquarie Bank put in place – all its risk management procedures, its restrictions on personal trading, and staff training protocols to counter the insider trader bogyman of the investment world – were easily evaded by an associate director at the bank, Oswyn de Silva.
He was sentenced yesterday to a term of 2½ years for insider trading -18 months in jail and 12 months on a good behaviour bond.
‘Enforcement 40’ for 2020
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