RE:RE:regulators-to-take-steps-against-short-selling-enBelieve it or not there is no federal securities legislation. It is all down to provincial regulators despite calls since 1964 for a national policy. This way the Bank of Canada can say it is not up to them as do the feds. Banks do what they want with the governments blessing. Ontario SEC makes there own rules. Last change was in 2009 when Mark Carney set up the naked short sell. Still under review 12 years later.
Shamhorish wrote: good post and i hope regulators will really do something good to clean up this un controlled manipullation
on the other hand, this issue has been raised many times, regulatores has looked into it many times and the results was always the same, nothing is done to controll this behavier and at least apply same rulls applied in us markets
most big shorters in canadian markets are Americans
in my opnion. they make canadian market play groud for us shorters so they can do in canadian markets what they can not do in us markets
so while the news sounds good, i do not expect any good results as in my opinion our canadian regulatores are working for benefits of american shorters and will not do any thing meaningfull