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Appeal Court ruling gives ‘very clear direction’ on insider tipping, trading cases, experts say

Friday, February 02, 2018 @ 1:30 PM | By Ian Burns

The Ontario Court of Appeal has released a decision that clarifies certain provisions of the provincial Securities Act for the first time, with observers saying the ruling offers a good roadmap for determining responsibility in insider trading and tipping cases.

The decision in Finkelstein v. Ontario Securities Commission 2018 ONCA 61, released Jan. 25, stems from proceedings the Ontario Securities Commission (OSC) initiated against five people, alleging they had breached the Act’s insider trading and tipping provisions and had acted contrary to the public interest by recommending...