The Fin

Inside Edge Episode 1: The Lithium Insider

Mar 26, 2026
A deep dive into the thin line between casual gossip and criminal insider trading. Real-life cases show how small tips and modest gains can trigger serious legal trouble. Experts unpack the psychological motives and typical offender profiles. Regulators' frustrations and a looming crackdown on weak sentences take center stage.
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INSIGHT

Insider Trading Is Easy To Commit Hard To Prosecute

  • Insider trading sits on a thin line between gossip and federal crime and is both easy to commit and hard to prosecute.
  • Peter Kerr explains ASIC is building a specialised team to speed detection, investigation and referrals to the DPP for tougher enforcement.
ANECDOTE

Overheard At Home Turned Into A $1.7 Million Crime

  • Tyler Loudon overheard his wife's BP takeover conversations at home and bought Travel Centers shares, making $1.7 million before being caught.
  • The SEC action cost him the profit, his wife's job and their marriage, showing casual eavesdropping can wreck lives.
ANECDOTE

Small Gains Still End Careers

  • Kurt Schlosser, head of Tesla Australia, used inside info to trade a lithium miner connected to Tesla and pocketed less than $29,000.
  • The modest gain shows insider trades can involve small sums yet cost careers and reputations.
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