Shorting with Offshore Accounts Message Board

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Non-Tech : Shorting with Offshore Accounts

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To: Q. who wrote (7)	2/9/1999 1:12:00 AM
From: Anthony@Pacific	Read Replies (1) of 127

Foreign accounts are 100% legal and as long as you report your gains,, and the reasoning for the secrecy is one of respect..the last thing anyone wants is to wait for an hour to get a trade done and secondly by identifying a certain Firm you are inviting the hypester and con-men to direct a buyin at an individual or a Firm that they know is short since Canadians DO NOT HAVE TO REPORT SHORT POSITIONS like they do in the US on NASDAQ or BB stocks, because the NASD has no jurusdiction on any Firm in CANADA...and absolutely no laws are being broken..be advised that by trading naked ..you are far more succeptible to a forced buy-in...unlike the US.. Thats why it is so important that names never be publicized..it would just force everyone to move elsewhere and never share info again with those who ask for referrals.. I hope this helps answer the question..BTW ..I am working on a way to help the evryday Joe to take advantage of these oppurtunities on a large scale

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