RE: Contingency law suits<< Unless, security or exchange regulations were in any way breached, in which case the regulators would be obliged to bring suit! >>
If by “regulators” you mean the OSC, more likely they would determine or assist the determination of the penalty deemed appropriate for the party or parties found guilty of breaching exchange rules (UMIR). I’m not sure they’d be the ones to file suit however, at least not in this case.
However, given the unusual volume of trading in SMY lately, I wouldn’t be surprised if it’s caught the eye of the exchange’s RS (Regulation Services). If an offense is discovered I think the TSX would take some action, litigation or no litigation.
Diz