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
Scam generated over US$11.6 million in illegal profits, SEC alleges
Judge orders former Agnico-Eagle officer to pay $200,000
Calgary man to pay more than $250,000 in fines and costs
De facto director failed to file insider trading reports: BCSC
Laprade to pay regulator $10,000
Thakur had unauthorized access to confidential e-mail, OSC alleges