Summary
The statement of allegations says accounts were opened for the trusts at Watt Carmichael, a Toronto firm specializing in wealth management for private clients, and one account was transferred to BMO Nesbitt Burns (TSX:BMO). According to the OSC, [Roger Rowan] had authority over two accounts while he was a Biovail insider, making deals in millions of Biovail shares worth hundreds of millions of dollars and providing millions in commissions for Watt Carmichael -- more than $1.4 million in 2003 alone.
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Extract
Biovail Chairman Faces Securities Allegations
By Gary Norris
T'ORONTO -- Eugene Melnyk, chairman of drugmaker Biovail Corp. (TSX:BVF) and owner of the Ottawa S...See the full content of this document
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