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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (2242)	2/4/1999 11:04:00 PM
From: keith massey	Respond to of 4467

The easiest thing to do to keep your mind at ease is stick to a broker associated with one of the major banks. E.G Greenline (TDbank), Actiondirect (RoyalBank), etc., etc. Best Regards KEITH

To: Mama Bear who wrote (2242)	2/4/1999 11:16:00 PM
From: StockPro	Respond to of 4467

Barb, you may wish to refer to the list of member firms for the TSE. Although there are no guarantees, the TSE regulates and supervises its members quite closely. tse.com You might also post your question in the UseNet newsgroups, try the misc.invest.canada group and make sure you specify the name of the brokerage and then ask if anybody has had good and/or bad experiences with them.

To: Mama Bear who wrote (2242)	2/4/1999 11:50:00 PM
From: eWhartHog	Read Replies (2) \| Respond to of 4467

MB, In Canada, securities regulation is under provincial jurisdiction. The Ontario Securities Commission (OSC) is the most powerful and best financed regulator, since it supervises the Toronto Stock Exchange. The largest retail stockbrokers are owned by the large national banks, and are quite safe. Many other firms are less reputable. Generally the quality of execution and service in Canada is inferior to US standards, as a review of posts on this thread will suggest. Some US brokers also have offices in Canada. It may be a problem for a US national to open an account with a Canadian broker, due to SEC regulation. Could you indicate why you want a Canadian brokerage account? Is it for long-term investing in Canada, Canadian daytrading, or perhaps to take advantage of more liberal Canadian shorting rules in US securities? See TAFKAI's post for Canadian investment websites, including the OSC: #reply-7070904 Cheers, John

To: Mama Bear who wrote (2242)	2/6/1999 1:25:00 AM
From: TheBare	Respond to of 4467

MamaBear, > I'm considering opening an account north of the border, and > am vexed on how to go about doing my due diligence. What are the rules associated with US residents opening cash/margin accounts in Canada? I thought there were some kind of restrictions? I have some CDN $$ that I want to keep up there until the CDN buck rises (even) more, so I'd be interested in any US resident that has some experience in this matter. I plan on calling TD Greenline next week. Problem is, you usually talk with someone who doesn't understand the rules and regulations. TheBarE