RE:RE:RE:regulators-to-take-steps-against-short-selling-enFunny how just a year ago after the macmillan report on shorting and how they portayed the abuse and the naked short selling that is in all essence legal in Canada, IIROC came back with an answer that they saw no problemo with the rules as they are set.
The lobbyists such as the trading platforms and houses have their profits driven by liquidity and they are only too happy to allow naked short selling by the biggies which adds to liquidity where it is only here that it is so blatantly allowed. That is why shorting has become a major part of that liquidity as shown by the bi weekly short trading summary . If that isn't enough, they allow naked shorting here so that they do not have to borrow the shares but literally have up to 10 days to settle, cover or come up with borrowed shares
IIROC is simply a toothless wonder that prides itself in going after the little guy and claims they have all in control
BBDB859 wrote: Hey Club.
Do you think that nothing will be done again? That this is only lip service. They gotta be feeling the preasure from the Industry to do something about this shorting by now? No?
clubhouse19 wrote: What a croq...This is simply lio service based on all the complaints.
The issue really is that In this jurisdiction naked short selling is allowed and if they don't crack down on that..all the rest is strictly BS.
Here they say that they imply that they borrow shares before they short..that is the first and biggest lie !!!
momocau wrote: https://magazine.cim.org/en/news/2021/regulators-to-take-steps-against-short-selling-en/?fbclid=IwAR3D9Wgw9Vt3c8ioGDsjAtzP8mCT5mNTkv4lji3ikT1gQ2SYT rate et rponseZu1Sxu1