OSC v. Ontario Securities Commission v Huy Le Huynh and Thi Anh Nguyet Pham (insider trading, 2025)

Settled

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In 2025 the Capital Markets Tribunal approved a settlement with Huy Le Huynh, a vice-president of finance at Score Media & Gaming, over insider trading and tipping around the company's acquisition by Penn, and with his wife Thi Anh Nguyet Pham, who admitted conduct contrary to the public interest. Huynh agreed to a C$325,000 penalty, C$270,000 disgorgement and C$40,000 in costs.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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Penalty as published

C$325k

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars. This regulator states penalties in CAD. The figure is recorded as published and is not converted, so it does not appear in the USD totals or medians used elsewhere on this site.

What is alleged to have happened

The Ontario Securities Commission filed its application on September 23, 2025 and the Tribunal approved the settlement on September 26, 2025, issuing reasons on October 17, 2025 (file 2025-16).

Staff alleged that Huynh traded and tipped contrary to subsections 76(1) and 76(2) of the Securities Act using non-public information about the Score acquisition, and that Pham, who knew of the plan, acted contrary to the public interest. A related respondent, Jessica Tam, settled separately (see her record).

Huynh's order includes a seven-year ban on acting as a director or officer of any issuer or registrant, a C$325,000 administrative penalty, disgorgement of C$270,000 and C$40,000 in costs. The terms for Pham are in the order and are not summarised here.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Insider trading — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2025-09-23 Reasons and Decision
2. 2025-09-23 Other
3. 2025-09-23 Notice of Hearing
4. 2025-10-17 Reasons and Decision

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• Tribunal proceeding
• Reasons and Decision
• Other
• Notice of Hearing
• Reasons and Decision

The linked release is published by the issuing regulator under its own terms. Our summary and narrative above are our own writing.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.