Insider TradingCorel CEO May Or May Not Be Charged
(Ottawa Citizen) - Corel's [T.CORL] president and CEO, Michael Cowpland is facing charges of violating Ontario securities law stemming from speculation that he sold his shares in his software company on insider information. It is alleged that he made money, while others lost money when the company's stock nose-dived in the last quarter. However, many are saying Cowpland will not be charged, as the Ontario Securities Commission has rarely been successful in effectively prosecuting those who commit improper insider trading practices.
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