ATI Technologies Inc. has been reprimanded by the Ontario Securities Commission and ordered to pay $900,000 in a case centring on disclosure of a sales and profit slowdown.

The commission alleged ATI executives knew in April 2000 that the company would miss its sales and earnings forecast, but delayed informing investors and the public.

The terms of today’s settlement of an alleged disclosure violation in 2000 call for the computer graphics chip maker to pay $400,000 in costs as well as another $500,000 to the commission.

Also today, a panel of OSC Commissioners approved a settlement reached between staff of the OSC and Mary De La Torre and Alan Rae.

In the settlement agreement, the respondents admit that De La Torre had access to material information that had not been generally disclosed which was communicated to Rae, her husband, over the weekend between May 19 and 23, 2000. On May 23, 2000, Rae sold 1,000 shares of ATI Technologies Inc. in advance of an earnings release by ATI on May 24, 2000.

De La Torre and Rae were reprimanded by the OSC. They are also ordered to cease any trading in securities for six months and have made a settlement payment in the amount of $11,050, an amount equal to the loss they avoided by their May, 2000 trade.

Tomorrow, the OSC will begin its hearing on insider-trading charges against ATI chairman Kwok Yuen Ho and five others.