Business
Three days in the making, Crown inquiry drops insider information bombshell – Sydney Morning Herald
For three days the line of questioning inside the Crown inquiry had been pregnant with the possibility that allegations of insider trading would be aired. On Tu…
It was a piece of information worthy of a raised eyebrow.
On the face of it the provision of confidential information about a public company and the subsequent transaction in its shares by those in possession of this information could raise questions.
But there are other tests that need to be met in order to prove insider information has been traded – the major one is whether the information would have a material impact on the share price.
‘Obviously the consequences of insider trading are ve…
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