ASIC drops insider trading case against Richard White
White sold more than 1.8 million WiseTech shares during a blackout period. The shares were worth more than $200 million.
ASIC has dropped its insider trading investigation into WiseTech founder Richard White. The regulator ended investigations into three WiseTech employees.
White and two other employees face no further action. A separate ASIC investigation continues into one WiseTech employee.
White sold more than 1.8 million WiseTech shares during a blackout period. The shares were worth more than $200 million.
The sales occurred between December 2024 and February 2025. White said he got legal advice before trading.
ASIC said the decision makes no finding on his conduct.
- 1.8 million
- Shares sold
- More than $200 million
- Share value
- December 2024 to February 2025
- Trading period
- WiseTech Global
- Company
Why it mattersInsider trading rules protect fair markets and investor trust.
AustraliaOne WiseTech employee remains under investigation; the case affects shareholder confidence in corporate governance oversight.
Corroborated bybusinessnewsaustralia.com
✓ Claims checked against the source. checked 3 h ago
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