Posted AT 3:55 AM EST on 28/03/06
Nortel insiders on ice
Nortel Networks Corp. insiders' investments in the company are on ice because they can't trade the stock while the company is late with its financial statements. The Ontario Securities Commission (OSC) yesterday issued a cease-trade order for insiders, which will be in place for 15 days. The OSC will hold a hearing on April 10 on whether it should implement a permanent ban until the filings are up to date.
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