Tip and Trade
 | |
| Author | Mark Coakley |
|---|---|
| Language | English |
| Genre | True crime |
| Publisher | ECW Press |
Publication date | April 2011 |
| Publication place | Canada |
| Pages | 381 pp. |
| ISBN | 978-1-55022-986-8 |
Tip and Trade is a 2011 book by Canadian author Mark Coakley that depicts an insider trading conspiracy involving Wall Street lawyer Gil Cornblum and another lawyer, Stan Grmovsek, who were found to have gained over $10 million in illegal profits over a 14-year span. The crime was detected in 2008. Cornblum committed suicide before criminal charges were laid.[1] Grmovsek pleaded guilty and was sentenced to 39 months in prison.[2] This was the longest term ever imposed for insider trading in Canada.[3]
Reception
Canada's national newspaper, The Globe and Mail, called Tip and Trade "riveting."[4] A review by Quill & Quire was negative, stating that "the reader gets the impression that Coakley himself barely cares about his subject."[5] Canadian Lawyer called it "compelling,"[6] and the Winnipeg Free Press called it "a helluva tale."[7]
References
- ^ ABA Journal, "Ex-Dorsey Partner Kills Himself on Eve of Insider Trading Deal," Oct 27, 2009
- ^ Forbes.com, "Canada insider trader may face 39 months in prison," Nov. 6, 2009
- ^ Schneider, Joe (Nov 6, 2009). "Grmovsek to Get 39-Month Sentence". Bloomberg. Retrieved 18 June 2013.
- ^ Globe and Mail. "Quick Reads". The Globe and Mail. Toronto. Retrieved 2 August 2011.
- ^ Rowe, Dan. "Tip and Trade: How Two Lawyers Made Millions from Insider Trading". Quill and Quire. Retrieved 2 August 2011.
- ^ Penny, Damian. "Insider trading can be so easy". Canadian Lawyer. Retrieved 2 August 2011.
- ^ Stimpson, Mike. "Insider trading a helluva a tale, if uneven in spots". Winnipeg Free Press. Retrieved 2 August 2011.