Quebec’s securities regulator is investigating Renée Morier, a former EA to a senior officer at Bell Canada Enterprises over allegations of insider trading that allegedly netted her family and friends CAD$1 million (£490,000).
The Autorité des marches financiers (AMF) recently executed search warrants and obtained freeze and cease-trade orders against the EA, who is accused of insider trading between 2012 and 2015. It is alleged that Morier gave sensitive information related to the acquisition of Glentel Inc, Bell Aliant and Astral Media Inc to family members and friends, who then used that knowledge to make strategic stock trades that earned them a profit of more than CAD$1 million.
The freeze and cease-trade orders were issued against Morier, her spouse, her parents, a friend and his parents, as well as various companies administered by them.
Read the original article from CBC News at bit.ly/1JpLeJd