Former Macquarie Bank portfolio manager, Oswyn de Silva has pleaded guilty to insider trading charges brought by the Australian Securities and Investments Commission (ASIC).
The regulator announced this week that de Silva had pleaded guilty in the Sydney Central Local Court to insider trading on 12 occasions in contravention of the Corporations Act.
ASIC had alleged that between 20 December, 2006 and 26 April, 2007 de Silva, while employed as a portfolio manager and associated director of Macquarie Investment Management acquired shares and contracts for difference in respect of a number of companies on the Singapore Exchange while in possession of inside information. Read full article
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