Fund manager sentenced to 6 years’ jail in $3 million Platinum Asset Management insider trading case

26-007MR

criminal23 Jan 2026

Respondent

Rodney Forrest

Facts

Former investment manager Rodney Forrest has been sentenced to 6 years’ imprisonment for insider trading and procuring others to trade in more than $3 million of Platinum Asset Management Limited (Platinum) shares (ASX: PTM).

Outcome

ASIC criminal conviction/sentence — Rodney Forrest sentenced by the Federal Court to six years' imprisonment (non-parole three years) for insider trading and procuring others to trade in Platinum Asset Management shares (2026-01-23). On appeal, the Full Federal Court reduced the sentence to five years and three months on 22 May 2026. See the ASIC source for the full terms.

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Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-007mr-fund-manager-sentenced-to-6-years-jail-in-3-million-platinum-asset-management-insider-trading-case

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