OSC Applies "Credit For Cooperation" in Corporate Disclosure and Insider Trading Case
Confirms New Disclosure Obligations for Disclosure of Material Errors
On July 7, 2005, the Ontario Securities Commission (OSC), rather than instituting legal proceedings, applied OSC Staff Notice 15-702 - Credit for Cooperation, and issued a warning letter to CP Ships Ltd. regarding certain events involving what OSC staff considered to be non-disclosure of a material change and insider trading. Continue Reading...
On July 7, 2005, the Ontario Securities Commission (OSC), rather than instituting legal proceedings, applied OSC Staff Notice 15-702 - Credit for Cooperation, and issued a warning letter to CP Ships Ltd. regarding certain events involving what OSC staff considered to be non-disclosure of a material change and insider trading. Continue Reading...
