Business
ASX company exec faces 10 years’ jail for insider trading – Motley Fool Australia
General manager allegedly sold off his shares before a 40% dive in price.
A Sigma Healthcare Ltd (ASX: SIG) executive has been charged with 2 counts of insider trading.
Sigma, a pharmaceutical wholesaler, was supplying the major retail chain Chemist Warehouse in 2018.
However, on 2 July 2018, Sigma announced to the ASX that agreement could not be reached in renewing the supply deal. The share price immediately sunk 40% that day.
Sigma general manager Michael John Story of Elwood, Victoria is alleged to have sold off his shares before this announcement.
The Australian…
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