Canada: Rankin asks for settlement to be revoked

Andrew Rankin, who was at the heart of one of the biggest insider tipping and trading cases ever brought by Canada’s largest capital markets regulator, asked Thursday for his settlement on the matter to be revoked.Mr. Rankin is being represented by his father. Other family members were also present at a hearing taking place before the Ontario Securities Commission. Mr. Rankin argues that staff of the OSC were obliged to ensure he had full knowledge of a fresh investigation into one of their key witnesses when he agreed to settle with the commission in February of 2008.

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