Nortel Officers Ordered to Refrain From Selling Stock
Via RCR Wireless News.
Current and former directors, officers and employees of Nortel Networks Ltd. are forbidden by the Ontario Securities Commission to trade shares of the company’s stock, Nortel said in a statement.More here.
Nortel said the temporary cease trade order came as a result of its delay in filing its 2005 annual reports and corresponding Canadian filings, which the company announced March 10. The company has restated its financials three times within three years.
posted by Fergie @ 3/28/2006 12:17:00 PM
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