RE: Is the OSC guilty of fraud? >“The OSC expressed grave concerns as to such absence and surmised in its discussions with the independent committee that such absence is per se evidence of fraud,” the independent committee said in its second report to the board back in November.<
So the OSC can make up its own definition as to what constitutes fraud, it can scream "FRAUD!!" halt trading on a "fraudulent" stock, accuse company executives of fraud without proof, and bear no responsibility for its actions?
Where is the followup? Where is the RCMP? Where are the arrests and criminal charges?
So what consideration have members of the OSC received for their gift to Carson Block and his fellow shorters, and their theft from investors who foolishly put their trust in the system?
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Mr. Chan and four other executives were accused of fraud on Friday by the Ontario Securities Commission, after sources said the regulator was alerted about irregular transactions. A special committee of company directors has been investigating its financial condition since June, when an explosive report by a little-known short seller accused Sino-Forest of engaging in massive fraud.
https://www.theglobeandmail.com/report-on-business/sino-forest-ceo-resigns-amid-fraud-allegations/article2144834/