Is This The Beginning Of The End Of Naked Short Selling In Canada?
James Stafford, 11 May 2021
Finally, after years of watching dubious short-sellers manipulate stocks and destroy companies, Canadian regulators are ready to do something about it, and unscrupulous short-sellers who have been living lives of obnoxious luxury paid for by ordinary shareholders have every reason to worry.
The only question now is whether the Canadian regulators have the teeth to follow through.
The first move came in January 2021, when the Ontario Capital Markets Modernization Task Force recommended a new prohibition against “misleading or untrue statements” about public companies. Why? Because Canadian markets are being threatened severely by “short and distort” and “pump and dump” campaigns. The same legislation was already enacted in British Columbia. Continue reading “Article: Is This The Beginning Of The End Of Naked Short Selling In Canada?”
