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OSC finds former RIM employee acted 'contrary to the public interest'

August-7-2012

Lawyer Jonathan Feldman, Brenda Gosselin, Neill May
Area Corporate Finance and Securities, White Collar Risk Management and Investigations

Summary

The August 1, 2012 decision of the Ontario Securities Commission (“OSC”) in the insider trading case involving Paul Donald (“Donald”), a former employee of Research in Motion Ltd. (“RIM”), provides a clear indication of the perspectives of the regulator on improper trading activities and on the breadth of its powers and preparedness to act where it concludes that there has been inappropriate trading.

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