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Explosive insider trading claims as ASIC turns torch on Nuix IPO Save Share Broadening investigations into alleged insider trading at fallen technology star Nuix now threaten to embroil Macquarie, Morgan Stanley and PricewaterhouseCoopers over their role in the technology group’s IPO last December. Court action by the Australian Securities and Investments Commission relating to former Nuix CFO Stephen Doyle, who is accused of realising $17.8 million from insider trading, has revealed a second ASIC investigation into the Nuix prospectus and into its accounts from 2018 to 2020. The corporate regulator has said it is investigating whether Mr Doyle helped to release a prospectus for the tech company’s December IPO that was false and misleading, raising questions as to broader liability by advisors to a float which saw Nuix shares shoot up before plunging, costing investors more than $3 billion from the January peak.

New south walesRonald doyleDeborah oneillTony castagnaStephen doyleRoss doyleDaniel phillipsJustice brigitte markovicJenny truongDavid standenJoe longoMorgan stanleyHat pte ltdKnight foundationMacquarie groupAustralian financial review