Insider Trading I suggest we all call the OSC tomorrow and demand they HALT the stock pending an investigation and also we contact class action suit lawyers who specialize in this stuff. They want to sell people down the Chin Won Hu @!#$ b.s. river, they are going to pay.
ONTARIO
Ontario Securities Commission
20 Queen Street West
22nd Floor
Toronto, ON M5H 3S8
Insider Trading
Most laws allow individuals to lawfully trade in the securities of the corporations with which they are considered an insider. Unlawful insider trading though occurs when privileged, non-public, material information is used to buy or sell a security.
Tipping refers to an insider disclosing privileged, non-public, material information to someone else (ie. a family member, friend or other 3rd party). The person receiving this information is then considered an insider.
A recent case of unlawful insider trading in Canada saw Stanko Grmovsek plead guilty and was sentenced to 39 months in prison in early 2010. Also, several years ago in the United States, Martha Stewart was found guilty of insider trading and served time in prison.