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WiseTech shares rise 3% after ASIC clears founder in insider trading probe

Market News
14 Oct 2026
Proactive Investors
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Bullish
WiseTech shares rise 3% after ASIC clears founder in insider trading probe

WiseTech Global's shares rose 3% following ASIC's clearance of founder Richard White and two employees in an insider trading investigation. ASIC issued no-action letters after nearly a year-long probe, though an investigation into another individual continues. The company also resolved a separate corporate governance inquiry, removing regulatory uncertainty. However, the ACCC is still investigating potential competition law breaches, and WiseTech faces a shareholder class action and an ongoing police probe related to a former executive's allegations.

WiseTech shares and related market context are shown here for readers. For those following the Technology sector, 28 of 150 US stocks priced on Pluang rose while 120 fell. Notable movers include CLS at USD 320.19 with a -10.42% change, APLD at USD 20.11 with a -10.38% change, and QBTS at USD 12.02 with a -10.16% change. This data is as of Oct 15, 2026 07:51 WIB.

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