TORONTO — An Ontario Securities Commission panel extended a management cease-trade order for insiders of Research In Motion Ltd. on Tuesday and ordered the company to return before the regulator if its financial filings aren’t current by Dec. 18.
The management cease-trade order, which affects 65 individuals including co-chief executives Jim Balsillie and Mike Lazaridis, was issued Oct. 24 by the OSC a few days after RIM missed its deadline to file its second-quarter results.
The management cease-trade order prohibits the RIM insiders from trading in the company’s stock until two full business days after the OSC receives up-to-date filings...
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