Brokerage owner accused of illegal 'heads up': OSC alleges Pollitt tipped off investors
Article Abstract:
The controlling shareholder of the Toronto brokerage firm, Pollitt & Co. is accused by the Ontario Securities Commission of breaking securities rules by giving clients a 'heads up' about a pending bought-deal financing. Underwriters are prohibited by securities rules from premarketing bought deals to their clients, but firms often attempt to gauge the market's source for financing.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
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OSC launches probe into Hollinger
Article Abstract:
The Ontario Securities Commission took the unusual step of disclosing the probe into Hollinger Inc. due to mounting public pressure. OSC is asked to block a proposed sale of the company until shareholders know that it is the best bid ever.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
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