Australia: Accountants in ASIC’s sights as insider-trading crackdown broadens

The accounting profession is in the crosshairs of the Australian Securities & Investments Commission, as the watchdog’s insider-trading crackdown extends to the security of confidential information held by advisory firms. On the first anniversary of the transfer of market supervision from the Australian Securities Exchange to ASIC, a senior ASIC official said “insider” lists obtained from advisers during investigations have sometimes revealed “hundreds” of people with access to confidential, market-sensitive information

Read more: Australia: Accountants in ASIC’s sights as insider-trading crackdown broadens — The Australian