Decision in brief: Ontario Securities Commission v Huynh, Enforcement Proceeding, Settlement, September 26, 2025

In this enforcement case, the OSC says that Huy Le Huynh broke Ontario securities law by doing some insider trading and by breaking the rule against disclosing certain confidential information (tipping). The OSC also says that Thi Anh Nguyet Pham, Huynh’s wife, should be sanctioned for her involvement.

While Huynh was VP Finance at Score Media & Gaming Inc, a digital media sports company, he found out that Score was going to be bought by Penn National Gaming Inc. This information wasn’t public yet, but Huynh told Pham. He then involved Pham’s friend, Jessica Tam, in a plan to profit from the news. Huynh told Tam what Score securities to buy and sell and when to do so. Pham paid Huynh a share of the profits and coordinated the payments with Huynh and Pham.

Huynh, Pham and the OSC agreed to settle the case. In this hearing, the Tribunal found that the proposed settlement was reasonable and in the public interest and approved the settlement agreement.

As a result, Huynh must resign any position he holds as a director or officer and, for a period of seven years, cannot become a director or officer of any issuer or registrant or participate in Ontario’s capital markets (with some exceptions). He has paid an administrative penalty of $325,000, costs of the investigation of $40,000 and has disgorged (given up) $270,000 to the Commission.

For a period of three years, Pham cannot participate in Ontario’s capital markets (with some exceptions) and cannot become a director or officer of any issuer or registrant. She has paid costs of the investigation of $10,000.