Caribou Stock Manipulationhttps://canadaeast.com/apps/pbcs.dll/article?AID=/20060408/TPMONEY10/604080388/-1/MONEY
Two CIBC World Markets traders agree to fines of $150K and $75K
Canadian Press
VANCOUVER - Two traders working for CIBC World Markets Inc. (TSX:CM) in Calgary have agreed to pay fines of $150,000 and $75,000 plus costs for trading violations.
Market Regulation Services Inc. said Friday that Margaret Alice Coleman and Judy Gail Koochin entered purchase orders for Caribou Resources Corp. (TSXV:CBU) between June and September of 2004 when "they reasonably ought to have known that the entry of the orders reasonably could be expected to create an artificial price for Caribou shares."
Under the settlement with RS, Ms. Coleman was fined $150,000 plus $13,250 in costs, and Ms. Koochin was fined $75,000 and $6,562.50 in costs.
Both will be subject to strict supervision for six months.