07:52:02 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Canaccord Genuity Group Inc
Symbol CF
Shares Issued 102,620,834
Close 2015-06-12 C$ 8.12
Market Cap C$ 833,281,172
Recent Sedar Documents

Globe says Manulife, rival may have aided buying frenzy

2015-06-15 07:17 ET - In the News

See In the News (C-MFC) Manulife Financial Corp

The Globe and Mail reports in its Saturday edition that the Autorite des marchees financiers (AMF), aided by two unidentified whistleblowers, alleges tips about Amaya's confidential takeover talks helped stoke a buying frenzy in its stock. The Globe's Jacquie McNish and Niall McGee write that the AMF said in a December affidavit filed in a Quebec court: "The investigation reveals that certain individuals in possession of privileged information transmitted that information to several people. These people then took advantage of that information and traded on Amaya shares." At Canaccord Genuity Securities, unnamed sources say, regulators are investigating trading in Amaya's stock by Stuart Raftus, chief executive officer of the Bay Street firm's wealth management unit, and Peter Kirby, a top broker who has been bullish about Amaya for years. Canaccord says, "We have conducted an internal investigation and remain confident that all of the employees of Canaccord Genuity have acted in good faith and with high integrity." At Manulife, a source says, one of the targets is Thierry Jabbour, a successful broker who joined the insurer in 2007, when the Dorval branch was acquired from Berkshire-TWC Financial Group.

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