SEC alleges unlawful insider trading before Nova Chemicals merger
The U.S. Securities and Exchange Commission has charged 11 individuals who it alleges were involved in separate insider trading schemes ahead of corporate merger announcements, the regulator said Wednesday.The SEC alleges that five individuals, including a former investment banker at Goldman Sachs & Co. and a former financial analyst at a subsidiary of Hartford Financial […]
The British Columbia Securities Commission has settled with John Gregory Paterson, the former president and CEO of Southwestern Resources Corp., who admitted to fraud and illegal insider trading.In the BCSC settlement agreement, Paterson admitted that he committed fraud when he entered false assay results related to Southwestern’s Boka project in China into the company’s database. […]
Pair illegally purchased shares of Icon Industries
Husband of a Merrill Lynch Canada employee tipped information to two others who made trades based on it
OSC approves settlement with Thakur
The U.S. Securities and Exchange Commission has a former Citigroup investment banker for allegedly tipping his brother about upcoming merger deals, the SEC said Thursday.The SEC alleges that a former director in Citigroup Global Markets’ investment banking division in New York, repeatedly told his brother about upcoming deals involving Citigroup’s health care industry clients. It […]
Alberta Securities Commission (ASC) has concluded a settlement with Gary Michaels, vp of communications CV Technologies Inc., regarding allegations of illegal insider trading of CV Technologies securities in December 2006.Michaels paid the ASC $30,000 to settle the allegations and $20,000 towards costs.Michaels agreed to cease trading in or purchasing securities (with some exceptions) and refrain […]
A British Columbia Securities Commission panel has found that two Quebec residents illegally purchased the shares of a publicly traded company before it had disclosed material facts to the market.Kegam Kevin Torudag and Lai Lai Chan admitted to buying the shares of Icon Industries Limited, a TSX Venture Exchange listed issuer, before the company’s acquisition […]
First person to serve jail time in an OSC insider case since 2000