The latest news from around the world with hosts John Berman and Poppy Harlow. Or a personal statement . This comes from his team. Again this is about a Pharmaceutical Company out of australia that he sat on the board of while he was a u. S. Congressman until just april. Thats an interesting statement from the u. S. Attorney. The government allegation he was passing nonpublic information to his son, cameron collins, who is also dieted. Then the son was passing the information to other people, and they were trading on that information. Look, he was the guy who knew what was going on here. He knew that there were some negative results according to this indictment on his drug trial. And he then took that information, the government says, and passed it along. The other thing i think thats interesting here is that they are using in this indictment they talk about how he tried to conceal the trading and issues surrounding the drug stock. One point in this indictment they mention how his offi
In a recent decision, Kraft Re Kraft, the Ontario Capital Markets Tribunal the Tribunal articulated clear guidance with respect to the application of the necessary course of business NCOB exception to the prohibition against selective disclosure or tipping contained in the Ontario Securities Act the OSA. This decision is significant insofar as it clarifies how rules surrounding tipping are to be interpreted and applied, and establishes a clearer framework as to how issuers and insiders should navigate their obligations with respect to material non-public information MNPI.
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