First Tidal Acquisition Corp T.AAA

RE: Deeper Pockets - Likesmoney

[skip_rick]

Norman, I couldn't find anything about short sale price restrictions on IIROC's (UMIR) website. However, as an FYI, here`s an extract on short sale restrictions (simplified) -

PART 3 – SHORT SELLING
3.1 Restrictions on Short Selling
(1) Except as otherwise provided, a Participant or Access Person shall not make a
short sale of a security on a marketplace unless the price is at or above the last
sale price.
(2) A short sale of a security may be made on a marketplace at a price below the last
sale price if the sale is:
(a) a Program Trade in accordance with Marketplace Rules;
(b) made in furtherance of the applicable Market Maker Obligations in
accordance with the Marketplace Rules;  
(c) for an arbitrage account and the seller knows or has reasonable grounds to
believe that an offer enabling the seller to cover the sale is then available and
the seller intends to accept such offer immediately;
(d) for the account of a derivatives market maker and is made:
(i) in accordance with the market making obligations of the seller in
connection with the security or a related security, and
(ii) to hedge a pre-existing position in the security or a related security;
(e) the first sale of the security on any marketplace made on an ex-dividend, exrights or ex-distribution basis and the price of the sale is not less than the last
sale price reduced by the cash value of the dividend, right or other
distribution;  
(f) the result of:
(i) a Call Market Order,
(ii) a Market-on-Close Order,
(iii) a Volume-Weighted Average Price Order,  
(iv) a Basis Order, or
(v) a Closing Price Order;  
(g) a trade in an Exempt Exchange-traded Fund; or
(h) made to satisfy an obligation to fill an order imposed on a Participant or
Access Person by any provision of UMIR or a Policy.

 

Hope this helps, somewhat.

 

Skipper