CA ANZ kicks out member found guilty of insider trading
What happened
In April 2025, Auckland accountant Kevin Young was sentenced to six months’ home detention and a $11,241 fine after being found guilty of three insider trading charges. Following these charges, CA ANZ terminated his membership in April 2026, finding that his behaviour had been both deliberate and dishonest. This matters for Professional Services & HR because contracting activity changes leverage, market appetite, and which clauses buyers can credibly trade with 2025, 11,241, 2026 as the clearest commercial anchors; Rate caps is now more valuable
Buyer takeaway
For Professional Services & HR, the buyer read-through is commercial leverage: scope, validity windows, reopeners, and term structure may now matter as much as headline pricing
Cost / money
The money issue may come through term structure rather than base price alone, especially if suppliers push for escalation language, shorter validity, or broader pass-through
Supplier / commercial
This is primarily a contracting story: revisit scope boundaries, extension mechanics, and which party carries volatility before those assumptions harden in a live tender
Safety / operations
The main operations question is whether the contract still matches field reality. If scope, response times, or liabilities are vague, the risk usually shows up during execution
What to watch
Watch scope creep, liability pushback, and term changes that move volatility back onto the buyer even if the base rate looks manageable
Key facts
- In April 2025, Auckland accountant Kevin Young was sentenced to six months’ home detention an
- Following these charges, CA ANZ terminated his membership in April 2026, finding that his beh
- “The offence of insider trading when carried out deliberately and with concealment is dishonest
- In March 2020, HGH announced that its net profit after tax was likely to be at the upper end