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.

Management dynamics, Security brokers and dealers, Securities Brokerage, Ontario, Stock Brokerage, Management, Stockbrokers, Stockholders, Company business management

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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.

Canada, Acquisitions & mergers, Financial management, Newspapers, Mergers, acquisitions and divestments, Company acquisition/merger, Company investment, Investments, Newspaper publishing, Powers and duties, Investor relations, Minority stockholders, Ontario. Securities Commission, Hollinger Inc.

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