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Microcap & Penny Stocks : IDCN - gold, garnet, etc.
IDCN 0.000010000.0%Nov 14 9:30 AM EST
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To: BigTex who wrote (3977)11/10/1998 8:01:00 AM
From: Mr Metals  Read Replies (1) of 5908
 
Vancouver Stock Exchange -
FT says Canadian exchanges are trying to right the wrongs of a bad reputation
Vancouver Stock Exchange VSE
Shares issued 0 1899-12-30 close $0
Tuesday Nov 10 1998
The Financial Times reports in it Tuesday edition that in the wake of 1997's Bre-X scandal, the Toronto Stock Exchange and the Ontario Securities Commission have been struggling to restore the image of Canada's equity markets. The Vancouver Stock Exchange, meanwhile, has seen its composite index dip below 400. The VSE was tagged "the scam capital of the world" by Forbes magazine in 1989 over its history of stock manipulation by insiders playing in thinly traded issues. Despite its efforts to clean up fraud problems, it has never lost that tag. The TSE is determined to avoid a similar fate, and last week it announced tougher listing requirements, sharply raising the thresholds for working capital, assets, earnings, cash flow and initial share distribution. Critics, however, say the new regulations are onerous and will prevent many fledgling but legitimate businesses from raising capital, pointing to similar restrictions imposed by the VSE that have that very effect. The best hope for Canadian securities regulation may simply be that the costs of getting it wrong are so high.

(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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