Australian watchdog suspects insider trader at tech firm Nuix


FILE PHOTO: The logo of software company Nuix can be seen in their office located in central Sydney, Australia, April 5, 2016. REUTERS/David Gray/File Photo

SYDNEY (Reuters) -Australia's corporate regulator is investigating Macquarie-backed software provider Nuix over suspicious revenue forecasts in its prospectus, as well as its former CFO for alleged insider trading, court documents show.

Court documents show the regulator believes it has "reasonable grounds to suspect" the tech company lied in its prospectus ahead of its initial public offering, Australia's second-largest of 2020.

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