Word count: 1500 words.
Details of Task: Choose one of the following
1. Essay/Speech Notes: How is insider trading treated in Australia in comparison with at least one other developed economic system of your choice? What are the major issues emerging in terms of how to deal with it?
Context: The professional context is that you work at the ASIC and the person to whom you report, J.A. Smith, Senior Manager, has asked for a draft paper to present at a conference attended by regulators and other professionals in the field.
2. Case/file note: By reference to at least two recent cases, provide a file note setting out the key factors in terms of the Australian courts dealing with insider trading and, in particular, the factors they take into account in deciding on civil and criminal penalties.
Context: The professional context is that you work at a mid-sized law firm looking to produce a readily accessible overview for clients by way of newsletter or website in this key area of corporate advisory. Your work is a draft for partner, E.B. Brown.