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Technology Stocks : Corel Corp.

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To: Mark Kubisz who wrote (7597)10/18/1999 7:38:00 AM
From: A. Reader  Read Replies (1) of 9798
 
Charges rarely stick
...The country's largest securities regulator has been criticized in the past for its dismal track record in prosecuting insider trading cases through the courts. Some published reports suggest there has been only one successful prosecution of an insider trading case. That was in the early 1990s, when Larry Woods was convicted and sentenced to a prison term for insider trading in the shares of Plastic Engine Technology Corp., on behalf of former federal cabinet minister James Richardson, according to the National Post.

Mr. Wilson said he couldn't confirm that was the OSC's only successful prosecution of insider trading. "I know the number is very small," he said...
ottawacitizen.com
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