A former senior manager at KPMG Australia has
been charged with insider trading and sentenced to two
years community service by the Sydney Supreme Court.
The Australian Securities and Investments
Commission ruled Andrew Dalzell had used insider information
obtained while working as a corporate adviser when he traded
in shares of printing company Promentum in 2006.
It is alleged that when Dalzell purchased the
40,000 shares he was part of the KPMG team advising Promentum on a
proposal to acquire McMillan Group.
Dalzell will serve his sentence under an
Intensive Correction Order, which is administered under the
strict supervision of New South Wales Corrective Services.