Dive summary:

• The Alberta Securities Commission (ASC) has ruled John "Bert" Holtby, Dale Holtby, John Shepert, Kenneth Burdeyney and Randall Kowalchuk were guilty of illegal insider trading during the acquisition of Eveready by Clean Harbors.
• John Holtby, Dale Holtby and Kenneth Burdeyney were convicted of giving out illegal information before it was publicly disclosed.
• John Holtby, Dale Holtby and Gayle Walton were convicted of illegally recommending others to buy Eveready shares before the acquisition was publicly announced; Bert Holtby attempted to conceal information during the ASC investigation.

From the article:

The ASC panel found that this misconduct is conduct contrary to the public interest. The ASC panel further ruled:  'Bert Holtby used a nominee account . . . to trade during Eveready-imposed blackout periods and to engage in illegal insider trading. Bert Holtby also attempted to conceal or withhold information reasonably required for Staff’s investigation. This behaviour, with its hallmarks of deception, is also conduct contrary to the public interest.'

The ASC panel has set dates for ASC staff and the named parties to provide submissions on what, if any, orders for sanctions and costs ought to be made against the named parties.