ASIC expands insider trading investigation into super

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The corporate regulator has almost doubled its investigation into the superannuation sector as it examines the investment switches made by 127 super fund executives and considers launching four insider trading cases.

over moving their personal retirement savings out of unlisted assets before they were valued lower at the onset of the COVID-19 pandemic.

“The reason those 60 people didn’t initially make our criteria was they hadn’t actually done a switch but had made other changes to their investment program that we thought were worth looking at.

 

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