SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?


To: Lola who wrote (8916)9/25/1999 12:23:00 PM
From: The Osprey  Read Replies (2) | Respond to of 36688
 
I guess Lola that the best we can do is continually be reporting irregularities to the BCSC and do it on a regular basis.By driving up the number of complaints the people at the BCSC who are involved in monitoring will get additional staff.Not to say this will help anything but it may give them more eyes.The other thing is to request a response from the BCSC regarding the complaint and not some damn form letter.
There are media people who love getting hold of these kind of stories and maybe the right kind of exposure will bring about some news releases saying they are turning up their prosecution of these known crims who act in direct violation of the laws.If they are within the scope of the law then pressure must be brought on the President of the exchange and the politicians to clean it up.
Individually we cannot change it but as a well organized group a difference can be made to expose these individuals and companies.

The Osprey



To: Lola who wrote (8916)9/25/1999 1:11:00 PM
From: Laser  Read Replies (2) | Respond to of 36688
 
Lola, just a comment or two:

"Another thing to keep in mind is that when the US SEC starts to delist all the scam companies off of the OTC down there and moves them to the pink sheets (which is like being in stock market hell) we should see an exponential increase in manipulation in the Canadian markets."

I kinda doubt if all scams will be eliminated. The new rule is a huge step from what we had for sure, which basically was NO reporting requirements at all to speak of, now one will have to at least have a lawyer and a bean counter to stay listed, or at least a bean counter and someone who can fill out the forms, perhaps the secretary? Most of the new eligibility requirements are of a financial nature.

The following URL may be of some interest, scroll down to "Rule 15c2-11":

otcbb.com

Some people may scoff, but the VSE has some fairly stringent listing standards especially with junior mining wannabe's. There are some bb companies making outrageous ore reserve claims which would never be tolerated by the VSE.
Stock fraud and manipulation knows no nationalistic boundaries and can exist anywhere, even on a well regulated stock exchange, even the TSE of all places. Oh horror of horrors!