ATI employees charged with insider trading


— 2:32 PM on January 16, 2003

PC Stats has the scoop on an Ontario Securities Commission announcement that it has started formal proceedings against seven ATI employees:

K.Y. Ho, Betty Ho, Jo-Anne Chang, David Stone, Mary de la Torre, and Alan Rae are alleged to have committed insider trading contrary to Ontario securities law, resulting in more than $7.9 million in profits or avoided losses and triggering significant tax benefits. Staff of the OSC have given notice of the intent to seek disgorgement of any amounts attained as a result of non-compliance with Ontario's securities law.

Sally Daub is alleged to have made a misleading statement to Staff.

You can read more about the allegations, which center on events that took place back in 2000, here.
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