SEC
Whistleblower
Advocates

August 24, 2016

Cedric Cañas Maillard

Trading and Pricing

SANCTION AMOUNT: $1,169,172

Defendants: Cedric Cañas Maillard

Default judgment for insider trading against Spanish citizen and former high-ranking official at Madrid-based Banco Santander, S.A. Through his job, defendant learned of BHP Billiton's proposed acquisition of Potash Corporation, and he coordinated with a friend to purchase Potash call options directly before an announcment, and sold immediately thereafter for $278,156.97 in illicit profits.

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