Synopsis of the enforcement action thus far taken by the SEC

• Insider Dealing

  Offences against 17 individuals pertaining to 7 cases of Insider Dealing were compounded. Further, warning letters were issued to 7 individuals based on the findings of 3 investigations conducted into suspected instances of Insider Dealing.

• Market/Price Manipulation

  Offences against 17 individuals and 1 entity were compounded. Further, warning letters were issued to 6 individuals.
  

• Front Running

  An offence against 1 individual was compounded and warning letters were issued to 2 individuals.

• Failure to immediately disclose material information

  4 individuals were convicted and offences against 16 individuals and 2 entities were compounded. Further, warning letters were issued to 2 individuals.

• Non-provision of information and provision of false and/or misleading information to the SEC

  Offences against 3 individuals were compounded and a warning letter was issued to a stock broking firm.

• Submission of false/fictitious financial statements to the CSE

  1 person was convicted and the offence against another was compounded.

• Violating the provisions of the Company Takeovers and Mergers Code

  Offence against 1 person was compounded.