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ARTICLE · 19 FEBRUARY 2015

Ontario Securities Commission Wins An Insider Trading Case

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In a just-released decision, the Ontario Securities Commission found that a number of individuals engaged in insider trading, acted contrary to the public interest, and misled the Commission...

CanadaCorporate/Commercial Law
Justin Lambert
Justin Lambert
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In a just-released decision, the Ontario Securities Commission found that a number of individuals engaged in insider trading, acted contrary to the public interest, and misled the Commission during the course of an investigation. It marks a win for Staff of the Commission after a series of high-profile failures by North American securities regulators to secure insider trading convictions.

Background and Insider Trading Findings

Eda Agueci was an executive assistant at GMP Securities L.P. In that position, she had access to material non-public information both on her employer's computer system, and by overhearing deal team conversations by virtue of sitting near the deal team in an open concept office.

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