Cameron Waugh, of Cottesloe, WA, has been arrested by the Australian Federal Police after ASIC charged him with offences relating to insider trading and subsequently sought a warrant for his arrest. 

ASIC alleges that Mr Waugh traded in shares of Genesis Minerals Limited on the ASX from 14 September 2021 to 20 September 2021, while in possession of inside information about Genesis.  

ASIC has obtained bail conditions preventing Mr Waugh from leaving Australia. 

Mr Waugh appeared before the Bunbury Magistrates’ Court on 16 December 2022, charged with six counts of insider trading contrary to s1043A of the Corporations Act 2001 (Cth).  

The maximum penalty for an insider trading offence is 15 years imprisonment. 

ASIC expects the matter to return to the court on 13 January 2023.  

Editor's note 1:

On 13 January 2023, the matter was transferred to the Stirling Gardens Magistrates Court. The first mention at Stirling Gardens is scheduled for Wednesday 1 February 2023.

Editor's note 2:

On 1 February 2023, Mr Waugh appeared before Registrar Whitbred at Stirling Gardens Magistrates Court. The matter was adjourned to a committal mention on Monday 24 April 2023.

Editor's note 3:

On 26 April 2023, Mr Waugh appeared before Registrar Davies at Stirling Gardens Magistrates Court. The matter was adjourned to a committal mention on Wednesday 21 June 2023.

Editor's note 4:

On 21 June 2023, Mr Waugh appeared before Registrar Griffin at Stirling Gardens Magistrates Court. The matter was adjourned to a committal mention on Wednesday 13 September 2023.

Editor's note 5:

On 13 September 2023, Mr Waugh appeared before Registrar Davies at Stirling Gardens Magistrates Court. The matter was adjourned to a committal mention on 24 January 2024.