In R v Curtis (No 3), McCallum J of the Supreme Court of New South Wales sentenced Mr Curtis who had been found guilty by a jury of an offence of conspiracy to commit an offence of insider trading contrary to ss 1043A(1)(d) and 1311(1)(a) of the Corporations Act 2001 (Cth) to two years of imprisonment with a recognisance release order directing his release after serving one year of imprisonment.
The Crown case against Mr Curtis had rested primarily on the evidence of Mr Curtis’s co-conspirator, Mr Hartman. Mr Hartman had previously pleaded guilty to a number of insider trading offences not involving Mr Curtis as well as to a number of ‘tipping’ offences arising from the trading he had undertaken with Mr Curtis and had served a term of imprisonment for these offences. Read further about the case here.
