Jan 26, 2026 (The Australian - ABIX via COMTEX) --
Federal Court judge Robert Bromwich has jailed Rodney Forrest for at least three years, after the fund manager pleaded guilty to insider trading charges. Forrest's maximum term of six years is one of the harshest penalties handed down for insider trading in Australia, and Justice Bromwich noted in his judgment that the maximum sentence was increased to 15 years in 2019. He said that sentences should both act as a deterrence and assure people who trade lawfully that insider trading is being taken seriously. Forrest made a profit of more than $300,000 after buying shares in Platinum Asset Management, when he was aware that Regal Partners planned to make a takeover bid..
Publication Date: 27 January 2026
FEDERAL COURT OF AUSTRALIA
PLATINUM ASSET MANAGEMENT LIMITED
REGAL PARTNERS LIMITED - ASX RPL
COMTEX_472432519/2229/2026-01-26T20:30:17
By Angelica Snowden
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