A panel of the Capital Markets Tribunal approved the Ontario Securities Commission’s settlement agreement with Jessica Tam in relation to an insider trading scheme connected to the acquisition of Score Media & Gaming Inc. Tam admitted to engaging in insider trading contrary to section 76(1) of the Securities Act. In 2021, Tam obtained material non-public information from Huy Le (Alvin) Huynh, then a vice president at Score, and participated in a scheme under which Huynh would provide funds and trading instructions for her account in exchange for 80% of trading profits, with Tam retaining 20%. Huynh’s spouse, Thi Ang Nguyet (Nancy) Pham, a long-time friend of Tam, was aware of the plan; the release notes that two individuals recently settled with the OSC on September 30, 2025. Under the settlement, Tam will be subject to a two-year market ban, including a ban on trading in securities or derivatives (subject to personal carve-outs), and has disgorged CAD 120,000 of the total profits made; she also received cooperation credit under OSC Staff Notice 15-702 and undertook to testify in any future enforcement proceeding.

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