Timely Disclosure

Timely Disclosure

Updates and Commentary on Current issues in M&A, Corporate Finance and Capital Markets

Category Archives: Insider Reporting

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U.S. Federal Prosecutors Achieve Resounding Victory in Tipping Case

Posted in Insider Reporting, Securities Regulatory Authorities
Last month, federal prosecutors achieved a resounding victory in a tipping case before the U.S. Supreme Court in Salman v. United States, 580 U. S. ____ (2016).  In its much anticipated decision, the Court held that a jury could infer that the tipper personally benefited from making a gift of confidential information to a trading… Continue Reading

Feedback sought for the OSC’s Proposed Whistleblower Program

Posted in Insider Reporting, Insider Trading, OSC, Securities Regulatory Authorities
On February 3, 2015 the Ontario Securities Commission (OSC) published Staff Consultation Paper 15-401 Proposed Framework for an OSC Whistleblower Program (Paper). The Paper outlines the OSC’s proposal for an award-based whistleblower program (Program). The OSC is welcoming written comments on the Program until May 4, 2015. The purpose of the Program is to encourage… Continue Reading