Amaya CEO Baazov Among Charged in Insider Trading Probe
- Baazov denies allegations, vows to fight regulator's charges
- 13 other individuals receive search warrants, cease trades
Amaya CEO Charged In Insider Trading Probe
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Amaya Inc. Chief Executive Officer David Baazov has been charged in an insider trading probe by Quebec securities regulators. Shares in the world’s largest publicly held online poker company closed 21 percent down in Toronto.
Charges were also brought against Benjamin Ahdoot, Yoel Altman, Diocles Capital Inc., Sababa Consulting Inc., and a numbered company in Ontario, in the ongoing investigation into the Montreal-based company, the Autorite des marches financiers said in a statement Wednesday.