The Australian Securities and Investments Commission says investigations into the trading of Steadfast shares by two company employees are continuing.

Steadfast told the Australian Securities Exchange in December that it had received a request from the regulator for documents and information in relation to trading by two people.

“ASIC’s investigation into the trading by two Steadfast employees in Steadfast securities between August 30 and September 2 2024 [is] ongoing,” a spokesperson for the commission told insuranceNEWS.com.au on Monday.

The trading period under examination was before the shares slumped due to ABC reporting on the strata sector that included a focus on Steadfast.

Allegations made in the Four Corners program were rejected by the company.

Steadfast CEO Robert Kelly says the broking group is under a confidentiality agreement with the regulator as to the information requested.

“We are not part of the investigation. We have no knowledge of the status of this investigation,” he told insuranceNEWS.com.au.

The company previously said it was uncertain whether ASIC would take action as a result of the probe.

Steadfast last week released an updated version of its securities trading policy, which is usually reviewed annually.

The policy summarises the law relating to insider trading and sets out the company’s policy on dealing in its securities including shares, options, derivatives and any other financial products that can be traded.