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Watsa in Insider Trading Probe


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http://www.bloomberg.com/news/2014-08-01/fairfax-ceo-watsa-probed-by-regulator-in-trading-review.html

 

Fairfax Financial Holdings Ltd. (FFH) said Quebec’s securities regulator is investigating Chief Executive Officer Prem Watsa and President Paul Rivett as part of a probe into possible insider trading.

 

The Autorite des marches financiers is looking into whether there was “illegal insider trading and/or tipping (not involving any personal trading by the individuals) in connection with a Quebec transaction,” the insurer said in a filing yesterday. The Toronto-based company said it was cooperating with authorities and prohibited by law from disclosing further details.

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