RE:RE:Did crooked EMO mngmnt pocket an EMO project?Oh dear, where to start. Well, iiroc is NOT a division of tsx. The Tsx is a public company with a near monopoly of stock trading in Canada and operates like a regulator, but has no tool other than a trading halt. Iiroc is an industry self regulatory body. The investment industry. That means all brokers and planners. They have very limited investigatory powers and zero prosecutory power beyond a broker's license. Zero power over the company itself. For that you need one of Canada's hopelessly disinterested and uncoordinated provincial azz covering securities commissions. Emo is regulated by the highly political Ontario securities commission so it matters who they know in government. If nobody consequential, you have a fair chance the osc will actually investigate. You have to hand feed them any evidence (not just suspicion) you have because they excel at shuffling paper BUT they get whipped into a frenzy if emo or anyone has done something the osc doesn't like AND the osc can " make an example" of them. The osc loves to bully small companies with the threat of cease trade orders and public shaming to advance the regulatory quagmire with "interpretation bulletins". So, in summary, if you think you smell a bad deal, good luck. This is the single biggest reason Canada has 1000s of microcaps trading. Lack of a regulator with teeth and a penchant to bite. Like the sec in the USA. In the USA , armed with suspicion and limited evidence, the sec shows up with law enforcement at 4am at your front door, puts you in cuffs, drags your azz to jail, and THEN they conduct the detailed investigation. You may, or may not, be granted bail on less than egregious terms. I exaggerate. A little.
wallpaper2 wrote:
Ask the TSX if this was legit. They will investigate it thru their IROC division. They don't want scams tarnishing their reputation.