Wednesday, January 04, 2006

SEC in "discussions" about insider trading scandal

From Politics Watch:

The NDP MP has also filed complaints with the Ontario Securities Commission and the U.S. Securities Exchange Commission.

She said the OSC will not confirm or deny if they are investigating the trading activity, but the SEC has responded.

"They did acknowledge that the letter has been registered. They've given me a file number, a person that is in charge and say they are having discussions with their international affairs office."

But the SEC has a policy of not confirming an investigation until a case is filed in court and Wasylycia-Leis said they were pretty clear to her they would not divulge any other information regarding her complaint.

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