GB Group Ord Shs GBGPF

Why "Wash trading" should be BANNED!

[MartialArts]

Regulators are doing a poor job regulating the markets in Canada.  They should NOT allow anonymous brokerage trading used by brokers to "wash trade".

Why is Anonymous wash trading CMED today?  And who is the brokerage house using the anonymous flag to trade?  And isn't it suspicious that Canaccord has no visible trades today?

Regulators should ban anonymous trading.  There is no legitimate use for it.

House Positions for C:CMED from 20180328 to 20180328

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
1 Anonymous	69,454	2,312,318	33.293	63,399	2,110,479	33.289	6,055	-201,839
39 Merrill Lynch	5,996	198,999	33.189	1,288	42,990	33.377	4,708	-156,009
79 CIBC	13,509	450,298	33.333	12,710	423,540	33.323	799	-26,758
90 Barclays	700	23,379	33.399	0			700	-23,379
13 Instinet	2,720	90,233	33.174	2,100	69,983	33.325	620	-20,250
53 Morgan Stanley	400	13,378	33.445	0			400	-13,378
59 PI	500	16,815	33.63	200	6,670	33.35	300	-10,145
15 UBS	300	9,963	33.21	0			300	-9,963
3 AltaCorp	389	12,973	33.35	209	7,012	33.55	180	-5,961
36 Latimer	100	3,315	33.15	17	568	33.412	83	-2,747
28 BBS	0			6	199	33.167	-6	199
14 ITG	50	1,666	33.32	160	5,318	33.238	-110	3,652
143 Pershing	0			117	3,918	33.487	-117	3,918
9 BMO Nesbitt	7	239	34.143	162	5,350	33.025	-155	5,111
22 Fidelity	5	169	33.80	175	5,808	33.189	-170	5,639
124 Questrade	60	1,995	33.25	297	9,914	33.38	-237	7,919
85 Scotia	318	10,581	33.274	570	18,951	33.247	-252	8,370
19 Desjardins	0			460	15,247	33.146	-460	15,247
2 RBC	528	17,633	33.396	1,685	55,963	33.212	-1,157	38,330
99 Jitney	2,669	88,602	33.197	3,975	132,466	33.325	-1,306	43,864
72 Credit Suisse	0			2,400	80,063	33.36	-2,400	80,063
7 TD Sec	460	15,490	33.674	8,235	273,607	33.225	-7,775	258,117
TOTAL	98,165	3,268,046	33.291	98,165	3,268,046	33.291	0	0

[Bluechip2]

It is banned but hard to prove. Selling shares to trigger a loss, then re-buying shares is not illegal if it is demonstrated that it was done for legitmate reasons, such favorable tax situations. 

[longonMJ]

Does the CRA actually monitor this on such a tight basis that they will keep track of your sell and buy back-in dates, especially if your second sell for a profit doesn't take place until a couple years later?