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A CIBC bank branch is shown in Old Montreal, Thursday, Feb. 26, 2009.
A CIBC bank branch is shown in Old Montreal, Thursday, Feb. 26, 2009.
(Ryan Remiorz/CP)

Former advisers sue CIBC, allege wrongful dismissal

Two former investment advisers are suing CIBC World Markets Inc., claiming they were wrongly dismissed after the Ontario Securities Commission accused them of involvement in a high-profile insider trading case.

Paul Azeff and Korin Bobrow have filed a claim in Quebec Superior Court seeking punitive damages from the brokerage firm, which is a division of Canadian Imperial Bank of Commerce.