Wisetech Global Ltd resolves ASIC matters
Key points
- ASIC concludes investigation on WiseTech shares trading
- No-action letters issued to three current employees
- ASIC investigation ongoing for one non-employee
- No enforcement action against WiseTech for governance investigation
Full summary
Wisetech Global Ltd (ASX: WTC) announced the conclusion of an investigation by the Australian Securities and Investments Commission (ASIC) regarding alleged trading in WiseTech shares and a governance investigation. ASIC issued no-action letters to three current WiseTech employees, confirming no enforcement action will be taken against them. The investigation remains ongoing for another individual not employed by WiseTech. Additionally, ASIC concluded its governance investigation and also issued a no-action letter to WiseTech, indicating no enforcement action will be taken.
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