Episode 19: Commissioner Cathie Armour on Hochtief AG insider trading matter

On 8 December 2016, the Federal Court found that German construction group holding company Hochtief Aktiengesellschaft (Hochtief AG) engaged in insider trading in contravention of section 1043A(1)(d) of the Corporations Act 2001, and has ordered Hochtief AG to pay a financial penalty of $400,000, as well as ASIC's legal costs. ASIC Commissioner Cathie Armour joins the podcast to discuss the details of the case, as well as its wider significance for Australia's financial markets. You can read ASIC's media release on the matter here