Banned trader kept working for years before regulator caught him

South Africa News News

Banned trader kept working for years before regulator caught him
South Africa Latest News,South Africa Headlines
  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 77%

The commission opened an investigation into Valentine into possible breaches of his ban in 2020.

Mark Valentine, a former financial industry executive whose aggressive trading earned him a ban from Canadian regulators nearly 20 years ago, never really quit. Ontario’s Capital Markets Tribunal has found that Valentine — barred for life in 2004 from holding senior roles at corporate issuers in the Canadian province — flouted that prohibition repeatedly, taking on director or officer positions at dozens of small companies.

He repeatedly breached the trading ban by his participation in the stock secured financings,” the tribunal ruled. Valentine, who didn’t testify in the tribunal’s hearing, admitted to breaching the bans on holding senior roles and trading, though he didn’t admit to the facts relating to those breaches, according to the ruling. He also didn’t admit to the breach on stock secured financings.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Moneyweb /  🏆 5. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

National Treasury says despite stagnant economy it can reach its 2020 commitmentsNational Treasury says despite stagnant economy it can reach its 2020 commitmentsTreasury officials appeared before a joint meeting of Parliament’s finance committees on Friday to respond to critique from civil society on the budget tabled by the finance minister last week.
Read more »

Rhino poachers arrested in 2020 begin jail term - SABC News - Breaking news, special reports, world,Rhino poachers arrested in 2020 begin jail term - SABC News - Breaking news, special reports, world,They were each found guilty on eight counts.
Read more »

– consumers paying almost 40% more on loans now than in 2020– consumers paying almost 40% more on loans now than in 2020There is no relief on the horizon for consumers who battle to pay off their debt as economists expect no repo rate cut this week.
Read more »

Stellenbosch University’s SRC Says ‘House Of Horrors’ Res Rooms Discovered In 2020 AlreadyStellenbosch University’s SRC Says ‘House Of Horrors’ Res Rooms Discovered In 2020 AlreadySouth African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Read more »

Trump raises concerns about US ban on TikTok - SABC News - Breaking news, special reports, world, business,Trump raises concerns about US ban on TikTok - SABC News - Breaking news, special reports, world, business,In 2020, Trump sought to ban TikTok.
Read more »

Treat Yourself And Yours With The PUMA Valentine’s Day PromoTreat Yourself And Yours With The PUMA Valentine’s Day PromoSouth African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Read more »



Render Time: 2025-02-16 11:42:38