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…
-
General23 hours agoFootscray man dies after alleged assault by released immigration detainee
-
General23 hours agoNRL live updates: Warriors vs Panthers, Dolphins vs Knights, Rabbitohs vs Storm — blog, scores and stats
-
General24 hours agoState in crisis as it heads to another poll. Tasmania’s winter of discontent
-
General20 hours agoGrandfather pens letter to PM after death in custody