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Bullboard - Stock Discussion Forum Marauder Resources East Cost Inc. MESNF

Marauder Resources East Coast Inc is a Canada-based oil and gas company. Principally, it is engaged in the business of exploration for and the production of petroleum and natural gas reserves.

GREY:MESNF - Post Discussion

Marauder Resources East Cost Inc. > This may answer the question....
View:
Post by junkyardawg on Apr 24, 2014 11:11am

This may answer the question....

I thought this may be the case:

"Your broker may decide to send your order to another division of your broker's firm to be filled out of the firm's own inventory. This is called "internalization." In this way, your broker's firm may make money on the "spread" – which is the difference between the purchase price and the sale price."

Obviously this type of trade would not show up on the exchange.

This information is from the U.S. Securities and Exchange Commission but it is most likely the same in Canada.

Source: https://www.sec.gov/investor/pubs/tradexec.htm

JYD
Comment by kevincastillo on Apr 24, 2014 11:14am
This post has been removed in accordance with Community Policy
Comment by Weeble on Apr 24, 2014 3:31pm
If this is true, it doesn't seem right that they are allowed to do this.  It seems to me that it could be widely abused when there is no apparent view to what they are doing.
Comment by McBeanburger on Apr 28, 2014 9:20am
i don't believe this to be the case in Canada - unless the law has changed recently....
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