ASIC

ASIC

NXL ASX: Insufficient evidence to charge Nuix boss with insider trading

The regulator has closed its probe into chief executive Jonathan Rubinsztein, whose share purchase coincided with a US company’s approach about an asset sale.

Despite initial concerns, ASIC has concluded that there is insufficient evidence to charge Rubinsztein with insider trading. This decision comes after a thorough investigation into the matter, highlighting the complexities involved in such cases.