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Former executive pleads guilty to insider trading

By Reporter
 — 1 minute read

A former company executive has pleaded guilty to one count of insider trading after he purchased shares in a competitor company with prior knowledge of a takeover offer.

In a statement, ASIC said Queensland man Gregory Campbell had appeared in the County Court of Victoria and pleaded guilty to one count of insider trading.

Mr Campbell had been a member of the executive team of private hospital operator Healthe Care in 2016, and purchased almost 400,000 shares in listed rival Pulse Health, worth approximately $127,000, with possession of inside information relating to Pulse.

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The company received a takeover offer in late October 2016, after which Mr Campbell had sold the shares for a profit of more than $30,000, according to ASIC's case.

Mr Campbell is due to be sentenced on 12 October 2021.

He was charged in 2018 following an ASIC investigation.

 

 

 

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Former executive pleads guilty to insider trading
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