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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Claude Cormier who wrote (60958)	8/30/2008 8:52:21 PM
From: Proud Deplorable	of 78419

The RCMP says the scope of fraudulent activity across Canada is unknown because there’s no “systematic” collection of data. But for certain crimes — such as insider trading — there’s plenty of reason for worry. .............. "Why it matters Securities crimes affect most Canadians. If you've bought shares in a publicly traded company, either directly or indirectly through holdings in mutual funds and pension funds, any fraud hurting that company's performance or affecting its share value can leave the honest investor holding the bag. Insider trading, stock manipulation, accounting fraud and the illegal sale of shares are among the crimes that regulators and law-enforcement agencies track. For certain crimes, white-collar crooks prey more often on seniors and other vulnerable members of society. In one way or another, widespread securities fraud left unchecked can lead to a breakdown in market confidence, discouraging investment in the Canadian economy that might otherwise lead to job creation. Outside our borders, international investors are known to apply a "Canadian discount" on equities here to account for lax enforcement. Indeed, in many financial circles, Canada is considered an "enforcement-free zone" where people don't just get away with white-collar crime, they profit dearly from it."

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