A former executive of Score Media & Gaming Inc. has settled insider tipping and trading allegations with the Ontario Securities Commission. Photo by NATIONAL POST FILES

A former executive of Score Media & Gaming Inc. has settled insider tipping and trading allegations with Canada’s largest securities regulator after admitting he arranged for a friend of his wife’s to buy options in the company ahead of a US$2 billion takeover.

The purchase of US$7,000 of Score Media call options shortly before the Aug. 5, 2021 announcement that the Toronto-based digital media sports company would be acquired by Pennsylvania-based Penn National Gaming Inc. resulted in a profit of about US$311,000, according to a document made public by the Ontario Securities Commission on Friday.

According to an

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