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First Tidal Acquisition Corp T.AAA


Primary Symbol: V.AAA.P

First Tidal Acquisition Corp. is a Canada-based capital pool company. The Company is formed for the purpose of identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has not commenced any operations nor generated any revenue.


TSXV:AAA.P - Post by User

Comment by skip_rickon Sep 28, 2011 7:12pm
203 Views
Post# 19095877

RE: Sell Orders @ Out-of-Range (Stockticker)

RE: Sell Orders @ Out-of-Range (Stockticker)TFSA is considered a registered account & falls in the CRA protected category via a Trustee & cannot contain a short position. This means that ALL long positions (in registered accounts) are deemed fully paid & MUST be placed in segregation - separate from the broker's daily collateral use.
Cash account positions don't fall in the CRA protected category but, under IIROC rules, LONG positions would be considered 'fully paid' (no debit balances allowed) & must be segregated from the broker's day-to-day use. That is, unavailable to the client's broker for use as collateral.
On short sales, Canada has an 'uptick' rule meaning declared shorts must be on a price rise to effect a short sale.  This is intended to relieve selling pressure on a stock's downside. This is an area that differs from the US & has IIROC's hands full to monitor.
Hope this helps
Skipper.
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