Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: SSP who wrote (54433)	7/13/2000 10:47:19 AM
From: StocksDATsoar	Read Replies (1) \| Respond to of 150070

Ontario Securities Commission - Post says OSC shuts down penny-stock brokerages Ontario Securities Commission OSC Shares issued 0 1899-12-30 close $0 Thursday Jul 13 2000 The National Post reports in its Thursday edition that two of the biggest penny-stock brokerages operating in Ontario are voluntarily winding down their controversial operations after receiving letters from the Ontario Securities Commission. The Post's Theresa Tedesco and Sandra Rubin write that Gordon-Daly Grenadier Securities quietly closed its doors last week, and Price Warner Securities Ltd. is expected to shut down by the end of the month. Sources say the actions followed a stern letter from the securities watchdog to a handful of Bay Street broker-dealers giving them 60 days to provide accountings of their businesses or face a hearing before an OSC panel of commissioners and the possibility of losing their licences. The OSC is also interviewing brokers at several other small firms, such as Arlington Securities and Barnet Magrill Investments, which have asked to transfer their sales registrations to other brokerage firms. Sources say Price-Warner is in discussions with the regulator and the firm is prepared to close in two weeks. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com