Australian stockbroker jailed for insider trading


SYDNEY: Australia's highest profile stockbroker Rene Rivkin was sentenced to nine months periodic detention for insider trading yesterday and fined A$30,000. 

Rivkin, a widely followed share tipster, had pleaded not guilty to insider trading after buying Qantas shares two years ago when an executive at regional airline Impulse told him Australia's flag carrier was about to buy the airline. 

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