RE:TD and what they say they do not do
That is interesting the_Chief, and in all honesty I wasn't aware of such an accusation or filing against the TD Bank by the OSC.
The high close or 'painting the close' has been a means of manipulation for some time by any trader trying to stir a fake sense of urgency to buy or that the stock is in an uptrend.
I'm sure that it happens with lower closes as well. I've noticed that during the massive 1300% increase in share price with ZEN in the past 10 months, that very little volume was needed to help ZEN close at the high of the day, but there is no proof that the close was painted higher, just like there's no proof it was painted lower when it dipped, IMO.
Thing is, you cannot prove that TD Bank has been manipulating the share price intraday while buying or selling under Anonymous. It's all speculation, but if it were true, then the entire rise, fall, rise, fall of Zenyatta trading should be scrutized and maybe investigated, IMO.
What should really be reworked, IMO is the use of Anonymous by any trading House. What's the big deal in knowing that it's TD crossing with TD, or USB crossing with USB, or if any one House is divesting their position or buying one up?
Unless it were Warren Buffet selling or buying, I don't think the market should really be concerned with which House is actually buying or selling, but seeing a cross between the same house intraday on a steady basis would be interesting to know for sure. JMO