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Strategies & Market Trends : Canadian Options
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To: Stephen O who wrote (1136)6/7/1998 1:36:00 PM
From: marcos   of 1598
 
It's not about employee/employer relations, so such relationship exists. Dave S copied the post of Porter's that explains the situation #reply-743117 All of Porter's posts are good reading, and should maybe be saved to hard disk in case there is some sort of assault on them as well.

The immediate question is the right of an SIer to speak here, whether the bureaucracy whose competency he is assessing likes it or not.

The larger question behind that is the elimination of competition by the banks.
In New York the members own the floor, that's why there is a floor.
Not so in Toronto - there the brokerages own the floor and the roof and an increasing majority of the souls between. The banks increasingly own the brokerages, about the only significant one they don't own now is Midland Walwyn. I have heard Fleming described as the 'hatchet man' for the banks.

Statements on policy from the TSE tend to be couched in terms like 'modernising', 'moving into the twenty-second century', 'streamlining', etc ... but in my humble opinion and that of many others it has more to do with removing any influence independent of the Big Five/Big Three (Big One?) banks.

This bit on Canadian banks was typed in from Mel Hurtig's encyclopaedia #reply-3442095

But here and now it's about freedom of speech.
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