Autorité des marchés financiers “very disappointed” with decision
An OSC panel was reasonable in concluding that advisors should have known they were acting on inside information
A former legal assistant with a Bay Street law firm is alleged to have provided an institutional trader with material, non-public information
Former Aston Hill Asset Management exec has been banned from trading for two years and will pay a total of $11,000 for his role in the scandal
The decision marks the first time an appellate court in Canada has revoked a voluntary settlement
A portfolio manager, various executives and an advisor are alleged to have traded on information that was subject to a non-disclosure agreement
The are concerns the reports may increase costs for large shareholders
Although the Ontario court dismissed the appeals of a securities lawyer and three brokers, it found that the OSC hearing panel’s reasoning was flawed in the case of one broker
The case stemmed from an OSC ruling in 2015 that the defendants had received inside information concerning pending merger deals
12 people are alleged to have used access to privileged information about impending Amaya acquisitions to reap nearly $1.5 million in profit over five years