John David Rothstein Settles With Regulators

Earlier this week, the Ontario Securities Commission (or “OSC”), announced that they had reached a settlement with one of the men that they had accused of participating in an insider trading scheme in advance of the Amaya or Judi Online takeover in 2014.

John David Rothstein, formerly of Aston Hill Financial, will be forced to pay $11,000 in penalties and disgorgement. In addition, Rothstein will be banned from trading for two years.

Rothstein’s quick settlement likely means that he will be called to testify in the pending cases against Ben Cheng, Eric Tremblay and Frank Soave.

According to the Ontario Securities Commission, Aston Hill Financial had agreed to participate in the financing for Amaya’s $4 billion acquisition of Pokerstars in 2014.

Ben Cheng, Aston Hill’s former co-chief investment officer, reportedly told Rothstein that he should “inform others, who had lost money on certain other investments promoted by AHF” of the pending transaction. Rothstein, in addition to buying shares of Amaya for himself, also reportedly told an associate at CIBC Wood Gundy, Frank Soave, of the pending transaction. Soave also bought shares for himself, reportedly banking close to $100,000.

In settling with the OSC, Rothstein was given credit for his cooperation. In addition, the Ontario Securities Commission considered Rothstein’s lack of issues with regulators in the past, as well as his young family.

In situations like these, regulators will usually look to settle quickly with somebody in order to use them as a witness against others that have been named. In this case, the OSC settled with Rothstein and will likely use him in order to gain settlements or convictions against Cheng, Tremblay and Soave.

BEGINNERS POKER STRATEGY

Poker can be a complicated and intimidating Situs Poker Online, especially when first learning. One wrong move can see players lose their entire chip stack instantly. If players persevere and learn some simple basics of the game, then poker can be an enjoyable and rewarding experience. To that end, here are 10 tips beginners can use to help learn the basics and start playing.

  1. Avoid Playing Every Hand.

Playing every hand is a common mistake beginners often make. The mantra that you have to be “in it, to win it” does not hold true in poker. Figuring out when to cut losses and fold can be as crucial as knowing the card rankings. Realistically every hand dealt has a chance of winning; there are just some that have a higher chance than others. So players should be selective about how many hands they play in a game, and above all, learn to fold.

  1. Bluffing Is Only Useful In Moderation, If At All.

Bluffing can be a useful tactic for winning big pots when the cards aren’t going your way. Doing it every round though is a deadly trap beginners often fall prey to; other players will eventually catch on to the deception. Poker is a game of deceit and once other players figure out your playing style, it’s all over. Watching poker related content often portrays bluffing in a positive light, they show significant wins with a crafty player bluffing their way to victory, but it in reality, bluffing usually results in bleeding chips with cards that should be instantly folded. When first learning how to play, it’s better to play the cards you’re dealt competently rather than bluff. Obviously, beginners can try it out a few times, keep in mind though it’s rare for players to master quickly. Bluffing takes knowledge, lots of practice and should be avoided by new players until they have a better understanding of the game.

  1. Think About Other Players Cards, Not Just Your Own.

The difference between a good poker player and a great one is thinking about other player’s cards. Figuring out what other players have is half the battle, knowledge is power in poker and the more knowledge you have, the more you’ll win. Figuring out what cards other people have is a skill that players develop over years of playing, and it’s important for beginners to develop this skill early. Knowing when other players have stronger cards could be the difference between winning and losing. This skill helps beginners learn when to fold, and when to bet.

  1. Try To Play Against Other Beginners.  

Playing against high-level veterans who have been playing poker for years is a sure fire way to lose, and quickly. Playing against other beginners will allow you to try new tricks, learn the card rankings and get away with tactics that won’t work on higher level players. If you are better than everyone else at the table, and play your cards correctly, it should increase the odds of winning in the long run as well.

  1. Consider Table Position.

Playing a hand when in the correct table position can be as crucial as the cards themselves. Often, the last to act is the best position because it allows you to see what everyone else is doing, figure out a strategy and gain potential knowledge on other players by the way they bet or fold.  For example, if you have seen only weak bets, there is a chance nobody has highly ranked cards, you can take a chance and make a big bet to project strength. Or if the betting is getting massive, it could mean some people have highly ranked cards, and the last to act can opt out without risking anything. Only playing when in a good table position can give new players the edge they need to win.