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INSIDER TRADING - Tipping - Special relationship with a reporting issuer

Thursday, February 22, 2018 @ 9:41 AM  

Appeals by Miller and the Securities Commission from a Divisional Court decision setting aside the Commission’s decision regarding Cheng and dismissing Miller’s appeal. Cross-appeal by Cheng from the sanctions imposed. The Commission alleged the material, non-public information about Masonite International flowed through a chain of five people. The Commission found Miller and Cheng and three others breached the insider trading and tipping provisions and had acted contrary to the public interest by recommending to family and clients the purchase of shares in Masonite. Both Miller and...