ABOUT THE FILM

Canada’s one and still only criminal conviction for insider trading ended in tragedy. The fifteen-year scheme, revolving around the illegal activities of two best friends, spanned the American and Canadian border, over one hundred separate deals, and millions of dollars in transactions.

Joseph Grmovsek and Gil Cornblum met during their first week of law school. Following graduation, Cornblum became partner at a prestigious firm in New York City—all the while feeding inside information back to his friend in Toronto for million-dollar gains in what is believed to be the most prolonged insider trading scheme ever uncovered by American and Canadian securities investigators.

After being identified, Grmovsek cooperated with authorities, pled guilty and began his 39-month prison sentence in Canada. Cornblum, however, never made it to his sentencing, tragically killing himself a day before he was scheduled to travel to New York to plead guilty.

Collared offers unparalleled insight into the world of white-collar crime through the revealing testimony of the surviving member of this insider trading duo. The intimate insights shared by reformed white-collar criminal Grmovsek, complement interviews with leading scholars, former prosecutors, and forensic psychologists, and comes together in a documentary that serves as a painful reminder of the gravity of white-collar crime and its unseen victims, and the importance of identification and prevention.

THE PROTAGONIST

Joseph Grmovsek

Joseph Grmovsek

Reformed White-Collar Criminal

A former lawyer in Ontario, he is Canada’s first and still only individual who has received a criminal conviction and sentence of imprisonment for illegal insider trading activities. He was incarcerated for close to three years in stays that included two maximum security prisons and has since embarked on a journey toward redemption as a former white-collar criminal.

THE LAWYER AND THE FRIEND

JOSEPH GROIA

JOSEPH GROIA

Securities Litigation Lawyer

The principal of Groia & Company and a former Director of Enforcement at the Ontario Securities Commission, he acted as defence counsel for Joseph Grmovsek in its plea bargaining with American and Canadian authorities.
HOGARTH CLAUSEL

HOGARTH CLAUSEL

Corporate Lawyer in Ontario and in the Carribeans

A corporate lawyer and one of Joseph Grmovsek’s good friends. Hogarth provides a personal point of view and details about Grmovsek ‘s descent into the world of insider trading and the impact this activity had on him, his family and his friends.

FEATURING THE EXPERTISE OF

EUGENE SOLTES

EUGENE SOLTES

Jakurski Family Associate Professor of Business Administration, Harvard Business School

Professor Soltes focuses his research on corporate misconduct and fraud, and how organizations design cultures and compliance systems to confront these challenges. He is the author of the book Why They Do It: Inside the Mind of the White-Collar Criminal. He explains how white-collar criminals risk it all on the basis of their intuitions and gut feelings.
ANGELA BOOK

ANGELA BOOK

Associate Professor, Department of Psychology, Brock University

Professor Book is a forensic psychologist. Her research interests focus on psychopathy and its relationship with a number of variables that relate directly to victim selection. These variables include emotion perception, successful deception/manipulation, and accuracy of vulnerability judgments.
POONAM PURI

POONAM PURI

Professor, Osgoode Hall Law School, York University

Professor Puri is one of Canada’s most respected scholars and commentators on issues of corporate governance, corporate law, securities law and financial regulation. She provides her perspective on the regulation of insider trading in Canada.
PHILIP SLAYTON

PHILIP SLAYTON

Lawyer and Former Dean of Law, University of Western Ontario

A corporate lawyer, Philip Slayton is the author of the best selling book Lawyers Gone Bad: Money, Sex, and Madness in Canada’s Legal Profession. He provides his views on the key legal and ethical issues facing the legal profession today.
LORNE SOSSIN

LORNE SOSSIN

Law Professor and Former Dean of Law at Osgoode Hall Law School of York University (2010-18)

With an interest in administrative and constitutional law, the regulation of professions, civil litigation, public policy and the judicial process, Professor Sossin provides his views on the ethical challenges of the legal and business communities.
Osgoode Hall Law School Logo
Collared was produced with the support of the Fund for Innovation in Law and Media of Osgoode Hall Law School of York University. The fund has been established to assist its law students, visual and digital technology experts, and members of the legal profession and judiciary in developing and delivering new visual advocacy approaches in the justice system.
Hennick Centre for Business and Law
Collared has received the support of the Hennick Centre for Business and Law and engaged law and business university students in the research and development of the documentary film project. Hennick is the first Canadian Centre to promote and develop joint business and law scholarship and education.
Brock Harvard HotDocs logos
Collared has received the precious collaboration from representatives of various organizations such as Brock University, the Harvard Business School and the Hot Docs Documentary Film Festival.
INSIDER TRADING PREVENTION AND EDUCATION
PROFESSIONAL DEVELOPMENT AT THE MOVIES
Accredited Law Society Ontario Logo
uDocs logo

Collared is a UDocs original documentary, a series of accredited continuing professional education (CPD/CPE)  edutainment audiovisual productions developed in partnership with key academic and creative partners. Each UDocs project engages university students, scholars, and practitioners. It is an initiative of VoirDire FILM, a social enterprise that promotes the development and production of edutainment media content for education to advance the rule of law, professional ethics, social justice, and corporate social responsibility.

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