Amaya CEO Baazov charged with insider trading by Quebec regulator

|By:, SA News Editor

Amaya (NASDAQ:AYA) -6.9% premarket after CEO David Baazov is charged with insider trading by Quebec's securities regulator; trading is now halted.

Baazov faces five charges of "aiding with trades while in possession of privileged information, influencing or attempting to influence the market price of the securities of Amaya Inc, and communicating privileged information."

The regulator launched an investigation into Baazov and other execs in June for trading in AYA's stock ahead of the Canadian gambling website operator's $4.9B takeover of PokerStars owner Rational Group in 2014.

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