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ASIC should investigate Banking Royal Commission leak

Media Release
Peter Whish-Wilson 7 Feb 2019

Greens Treasury spokesperson, Senator Peter Whish-Wilson, commented today on suspicions of insider trading on the morning of Monday 4 February 2019 based on a leak of the final report of the Hayne Royal Commission.


Senator Whish-Wilson said, "ASIC is best placed to investigate whether there was any illegal market activity.


"At Senate Estimates, in two weeks’ time, I will be asking ASIC about this issue.


"Unlike any internal investigation by Treasury, ASIC can and should be able to identify who made large volume trades on Monday morning.


"ASIC should then ask these traders why they were making these trades, and on whose behalf they were making these trades.


"ASIC should also be prepared to undertake a more coercive investigation if it suspects there is any insider trading, and I would expect the Treasurer’s office to co-operate fully with any potential investigation."

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