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ASIC grants immunity to whistleblowers who commit serious offenses
ASIC has announced a new policy of immunity for serious offenses such as market manipulation, insider trading, and dishonest conduct. The Australian Securities and Investments Commission pledges to offer individuals, not corporations, immunity from both civil penalty and criminal proceedings to anyone who has engaged with others to manipulate the market, commit insider trading or engage in dishonest conduct. In exchange, whoever seeks immunity will be required to assist ASIC in identifying and taking enforcement action against the individuals and corporations who have breached the law. While ASIC is only responsible ... (full story)