Language English Pages 381 pp. Originally published April 2011 Country Canada | Publication date April 2011 ISBN 978-1-55022-986-8 | |
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Tip and Trade is a 2011 book by Canadian author Mark Coakley that depicts an insider trading conspiracy involving Wall Street lawyer Gil Cornblum and another lawyer, Stan Grmovsek, who were found to have gained over $10 million in illegal profits over a 14-year span. The crime was detected in 2008. Cornblum committed suicide before criminal charges were laid. Grmovsek pleaded guilty and was sentenced to 39 months in prison. This was the longest term ever imposed for insider trading in Canada.
Reception
Canada's national newspaper, The Globe and Mail, called Tip and Trade "riveting." A review by Quill & Quire was negative, stating that "the reader gets the impression that Coakley himself barely cares about his subject." Canadian Lawyer called it "compelling," and the Winnipeg Free Press called it "a helluva tale."