The former director of San Telmo Energy was fined $20,000 and suspended from ‘trading and directorships’ after failing to report $3.4 million worth of insider trading. According to the British Columbia Securities Commission, Stubos neglected to file reports for 191 transactions of securities for San Telmo Energy. He was director of the company at the time.

Commentary: Wow – $20,000. Better dig deep to pay that one after selling $3.4 million in securities. That would hardly cover the administrative costs of this investigation. Hardly a deterrent to others.