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Former Nuix CFO Stephen Doyle’s brother Ross was working out of the company’s head office when he raised $17.8 million in share sales, Senate inquiry told.

The numbers that spelt trouble for Nuix IPO Just which Nuix accounts is ASIC investigating? There were so many. Save Share Directors of former glamour tech stock Nuix were still reeling after Australian Federal Police raided its Sydney head office on June 24 as part of an insider trading investigation when they learnt they faced a more immediate crisis. At 11.35 that Thursday morning when the Nuix board told the ASX of the raid, they described it as an “investigation into the affairs of an individual”, concluding rather smugly: “Nuix understands that the warrant does not relate to any a...

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 ...