ASIC Clears WiseTech Founder Richard White in Insider Trading Probe

Key Facts

The Australian Securities and Investments Commission (ASIC) cleared WiseTech founder Richard White and two employees in an insider trading investigation. Proactive Investors reported that the regulator issued no-action letters to the three individuals following a year-long probe, although an investigation into a non-employee remains ongoing.

The conclusion of the investigation removes a significant layer of regulatory uncertainty for the logistics software company, as the regulator found no grounds for enforcement action against internal personnel. Shares of WiseTech recovered by 3% on October 15, 2026, as investors reacted to the resolution of the suspicious trading allegations involving the company's leadership.