{
  "id": 14591464,
  "title": "WiseTech shares surge as ASIC drops action against founder White",
  "url": "https://urgent.news/2026/10/15/wisetech-shares-surge-as-asic-drops-action-against-founder-white",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T02:33:50.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/wisetech-shares-surge-as-asic-drops-action-against-founder-white-4950406"
  },
  "original_language": "en",
  "account": "Shares of Australian logistics software company WiseTech Global (ASX:WTC) jumped 5.2% on Thursday, reaching A$35.28, following an Australian Securities and Investments Commission (ASIC) announcement. The regulator concluded investigations into the company's founder, Richard White, and two other employees, but decided not to take enforcement action. This came after a separate governance investigation, initiated in late 2024, also resulted in a no-action letter from ASIC, indicating no intention to pursue enforcement against WiseTech. The company clarified that an ongoing investigation into another individual not affiliated with WiseTech remains unresolved. In July, White resigned as executive chair amid media scrutiny and allegations of personal misconduct, which he has denied. He had previously stepped down from the chief executive role in October 2024. WiseTech provides software solutions for logistics, global trade, and supply chain sectors, with its CargoWise platform utilized by global logistics providers and freight forwarders.",
  "summary": null,
  "key_points": [
    "WiseTech shares rise 5.2% after ASIC drops action against founder Richard White",
    "ASIC concluded investigations without enforcement action against WiseTech",
    "White resigned as executive chair amid media scrutiny in July"
  ],
  "editors_take": "The regulator's decision to drop enforcement actions removes a significant layer of legal uncertainty for the logistics software firm and its leadership following recent governance scrutiny.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}