Calgary man and mother alleged to engage in insider trading: Alberta Securities Commission

Two Calgary residents are alleged to have engaged in insider trading, the Alberta Securities Commission has found.

Dean Labbe and Julie Labbe are set to appear at the ASC hearing room on Thursday to set an appearance for a hearing, a release shared by the commission stated on Tuesday.

According to the Notice of Hearing released by the commission, between May 2018 and June 2024, Dean Labbe worked on mergers, acquisitions and other business transactions at an investment bank. While employment, he and his mother Julie would use acquired material non-public information (MNPI) about publicly-traded companies to engage in highly profitable trading.

It’s also alleged that Labbe, while holding MNPI for a specific company, recommended or encouraged two individuals to purchase shares of that company.

These are allegations and have not been proven in a hearing.