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Explosive insider trading claims as ASIC turns torch on Nuix IPO


Explosive insider trading claims as ASIC turns torch on Nuix IPO
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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. ....

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Former Nuix (ASX:NXL) executive accused of insider trading


Former Nuix (ASX:NXL) executive accused of insider trading
Former Nuix (ASX:NXL) executive accused of insider trading
The software giant is being rocked with news that ex-CFO Stephen Doyle, as well as his brother and father, are under investigation.
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Tony Yoo is a senior journalist at The Motley Fool Australia. He formerly wrote for Yahoo Finance, Business Insider and Guardian Australia. Please send story tips to tony.yoo(at)foolcontractors.com. Tony s stock holdings are here.
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Nuix Ltd (ASX: NXL)’s just-resigned chief financial officer Stephen Doyle and his family. ....

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Australia's Nuix says regulator is investigating its financial statements


Australia s Nuix says regulator is investigating its financial statements
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Australia s Nuix says regulator is investigating its financial statements
Australian software provider Nuix Ltd said on Wednesday that it was being investigated by a regulator over suspicion its financial statements for three years to June 2020 and the prospectus issued prior to its IPO breached corporate law.
FILE PHOTO: The logo of software company Nuix can be seen in their office located in central Sydney, Australia, April 5, 2016. REUTERS/David Gray/File Photo
30 Jun 2021 09:40AM
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REUTERS: Australian software provider Nuix Ltd said on Wednesday that it was being investigated by a regulator over suspicion its financial statements for three years to June 2020 and the prospectus issued prior to its IPO breached corporate law. ....

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Australia's Nuix slumps another 15% as regulator probes financial statements


Australia s Nuix slumps another 15% as regulator probes financial statements
06/30/2021 3:29
(Reuters) -Software provider Nuix said on Wednesday some financial statements and a prospectus for its initial public offering were being investigated by an Australian regulator for potentially breaching corporate law, sending its shares down 15%.
Nuix said the Australian Securities and Investments Commission (ASIC) was looking into financial disclosures for the period between end-2018 and 2020, and is investigating its former chief financial officer Stephen Doyle and two of his family members.
We are genuinely disturbed by the allegations concerning Doyle, Chairman Jeffrey Bleich said in a statement, without providing any details on the allegations. ....

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