OSC claims Daniel Duic is breaching terms of settlement on insider trading

By: Romina Maurino, THE CANADIAN PRESS TORONTO - Daniel Duic, the former friend of disgraced investment banker Andrew Rankin who testified against Rankin at trial, is breaking the terms of his settlement over illegal insider trading, Ontario securities regulators alleged Thursday. The Ontario Securities Commission said Duic breached a cease trade order by carrying out a number of stock trades through brokerage accounts in Toronto at TD Waterhouse Canada (TSX:TD). "Duic acted contrary to Ontario securities law and contrary to the public interest by engaging in the transactions in breach of the cease trade order," the OSC said in a statement of allegations Thursday. Duic's Toronto lawyer, Steven Sofer, said his client admits to breaching the order but didn't intend to do it and is "extremely apologetic." "He accepts that he did... [read full story]