In the wake of charges of insider trading, Amaya co-founder and former Chief Executive Officer David Baazov has "resigned all positions within the company," The Canadian Press reported today.
Baazov stepped aside for a voluntary leave of absence in late March after Quebec securities regulator Autorité des Marchés Financiers (AMF) leveled five charges against Baazov for "aiding with trades while in possession of privileged information, influencing or attempting to influence the market price of the securities of Amaya inc., and communicating privileged information." A number of others were also charged with insider trading in the sting, including Baazov's brother, Josh.