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Authorities investigating Amaya Gaming CEO’s friend for insider trading_1

Canadian based Amaya Gaming was relatively unknown until it decided to acquire the Rational Group which is the parent company of PokerStars, the biggest online poker website and Full Tilt Poker, one of the most popular poker websites in the world. The acquisition was successfully completed for an estimated $4.9 billion in June 2014 and Amaya Gaming became a global brand overnight.

The Autorité des Marches Financiers (AMF), which is the Quebec securities regulator raided Amaya Gaming’s Montreal head quarters back in December 2014 as news broke of possible insider trading before the Rational Group acquisition. Amaya Gaming’s shares were affected but the company maintained that no insider trading occurred.

A US-based self-regulatory body called the Financial Industry Regul…