More allegations filed in Amaya insider trading case

The Amaya – Baazov insider trading allegations surrounding the Montreal gambling group’s $4.9 billion acquisition of Pokerstars former parent the Rational Group in 2014 appeared again in the Canadian news columns Wednesday when the Reuters news agency reported that the Ontario Securities Commission has filed a statement of allegations accusing former Aston Hill Financial Inc executives of securities law violations associated with leaked information on the takeover deal.

The filing alleges that former Aston Hill president Bill Cheng “became aware of undisclosed material facts” and passed the information on to the company’s sales manager John Rothstein. The filing further claims that the company’s CEO at the time, Eric Tremblay, along with a CIBC investment adviser named Frank Soave took part in inside trading and made misleading statements or omitted material facts when subsequently examined under oath by the Ontario regulatory staff.

A court hearing has been scheduled for May 4 this year.

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