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Former National Bank employee in Calgary pays $330,000 in insider trading settlement
Former National Bank employee Dean Labbe and his mother agree to pay $330,000 to settle Alberta insider trading case
Key points
- The Alberta Securities Commission banned Dean Labbe from trading for 30 years.
- Labbe admitted using confidential information from his work to recommend or make trades in his mother's accounts.
- The ban is the longest trading ban in more than a decade, according to the article.
Why it matters. The 30-year ban and the $330,000 settlement show the penalties regulators may impose on people who trade on confidential information.
Alberta regulators banned former National Bank of Canada employee Dean Labbe from trading for 30 years. He and his mother, Julie, agreed to pay the Alberta Securities Commission $330,000 to settle the multi-year case. Labbe admitted using confidential information from his work to recommend or make trades in his mother's accounts, the commission said. The pair used market-moving information to reap tens of thousands of dollars in profits.
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Former National Bank employee in Calgary pays $330,000 in insider trading settlement
Dean Labbe and his mother, Julie, both admitted to wrongdoing in the multi-year sceme Skip to Content Subscribe FAQ My Account Manage My Subscription News Local News Crime Politics True Crime National World Weather Archives Business Energy Local Business Real Estate First-Time Homebuyers Commercial Real Estate FP Markets FP Headlines FP Money Technology Gaming Science Space Small Business Alberta's Top Employers Sports Calgary Flames NHL PWHL More Hockey Calgary Stampeders CFL NFL Calgary Cavalry Calgary Roughnecks Spruce Meadows Soccer International Soccer MLS Baseball Basketball Golf Golf Videos Curling Rodeo-Chucks Tennis Auto Racing Opinion Columnists Letters Editorials Send us an Opinion Column or Letter Arts Local Arts Movies Movie Listings Television TV Listings Theatre Music Celebrity Books Life Health Women Men Sexual Health Diet & Fitness Family & Child Special Sections CALGARY HOME + GARDEN SHOW Encore Lifestyles CALGARY FALL HOME SHOW Food Homes New Homes Condos Rec Properties Calgary Homes & Design Fashion & Beauty Parenting Relationships Advice Horoscopes Royals Travel Ski & Snowboard Travel Alberta Travel Canada Travel USA Travel International Cruises Travel Essentials Savings Contests Readers' Choice Lives Told Tails Told Shopping Calgary Herald Store Upcoming Events Newsletters Puzzmo Diversions Puzzles New York Times Crossword Comics Driving Vehicle Research R.