The long line of former lawyers and employees at large law firms implicated in various insider trading schemes continued this month, with a former staffer at Davies Ward Phillips & Vineberg accused of tipping off others about deals being handled by the leading Canadian firm.
The Ontario Securities Commission unveiled a 14-page civil complaint on Sept. 22 against Donna Hutchinson, accusing the one-time Davies Ward legal assistant with passing on “material, non-public information” that she learned about pending transactions during her time at the firm. The purloined insider information was given to Cameron Edward Cornish, a long-time friend and institutional trader, according to the OSC. Cornish then allegedly passed it on to two other friends, both of whom traded on the information.
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