The corporate regulator is investigating share trading by directors at Southern Cross Media Group, 11 months after the trading was first revealed by The Australian.
The Australian Securities & Investments Commission did not deny a report that it is conducting an ongoing investigation into trades by former Southern Cross chairman Max Moore-Wilton and deputy chairman Leon Pasternak in the weeks prior to Southern Cross’s confirmation of the return of successful drive radio duo “Hamish and Andy” in 2014.