The Australian Securities and Investments Commission announced that Hui Xiao, a former managing director of Hanlong Mining, was sentenced today to a total of 8 years and 3 months for insider trading — the longest sentence ever imposed in Australia for that crime. The Xiao case is a nice success story for ASIC, which has not had been able to point to many successes in recent years.
via ASIC announces record sentence in Xiao insider trading case | Compliance Week.
