ATI employees charged with insider trading
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