ASIC Dropped Insider Trading Probe into Richard White

The Australian regulator ended its inquiry into the WiseTech Global founder regarding his share sales.

Updated on Oct. 14, 2026 in Financial Crime

ASIC Dropped Insider Trading Probe into Richard White

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The Australian Securities and Investments Commission has concluded its insider trading investigation into WiseTech Global founder Richard White. The probe was launched following reports that he sold shares during a company blackout period.

Why it matters

The investigation focused on potential regulatory breaches involving the sale of corporate stock while such transactions were restricted. While the case against the founder has ended, the regulator continues its work regarding other personnel.

The investigation involved the sale of more than 1.8 million WiseTech shares valued at over $200 million. Regulators continue to pursue an insider trading inquiry into one unnamed WiseTech Global employee.

The players

Australian Securities and Investments Commission

This is the independent Australian government body that acts as the corporate regulator and oversees financial markets.

Richard White

He is the founder of WiseTech Global, a multinational technology company that develops software for the logistics industry.

WiseTech Global

This is a publicly traded Australian technology company known for its CargoWise software platform used by logistics providers.

The details

Regulators launched the inquiry following a joint report that highlighted the sale of shares between December 2024 and February 2025. These transactions took place while WiseTech Global was under a company blackout period.

Richard White sold WiseTech Global shares between December 2024 and February 2025.
ASIC dropped the investigation into Richard White on 14 October 2026.

Legal Context

The probe aligns with broader regulatory enforcement of the Corporations Act 2001 insider trading provisions. This investigation follows a trend of heightened scrutiny by Australian authorities regarding executive share trading during sensitive periods.

The conclusion of this case offers clarity for shareholders regarding the governance and leadership of the publicly listed company. It confirms that regulatory bodies remain active in monitoring corporate transparency for all Australian investors.

The takeaway

Maintaining strict adherence to internal blackout periods is critical for corporate leaders to avoid regulatory scrutiny. Investors should monitor company governance disclosures to ensure executive actions remain compliant with market regulations.