Subject: Re: File #20100607-4208
To: real_tayopa@hotmail.com
Date: Wed, 9 Jun 2010 16:24:04 -0400
From: inquiries@osc.gov.on.ca




Dear Mr. Curry:

Thank you for your inquiry to the Ontario Securities Commission (OSC) concerning trading in the shares of Noront Resources Ltd.

The information you provided has been forwarded to OSC Surveillance staff to determine if an investigation is required. Staff assess information obtained from a number of sources, including input such as yours, and work closely on these kinds of concerns with the Investment Industry Regulatory Organization of Canada (IIROC).

During trading hours, IIROC surveillance officers monitor every single equities trade on the Canadian equity markets as it occurs, including the TSX, TSX V, CNQ, Bloomberg and Market Securities Inc., to identify violations such as insider trading, manipulative activity, frontrunning, and other infractions.

Further, Surveillance experts continuously monitor company news, stock charts, chat room activity and other sources to identify potential trading violations. IIROC’s dedicated surveillance facility utilizes state-of-the-art systems and software that comprise extremely advanced mathematical algorithms that detect even the subtlest price or volume anomalies in any stock's trading pattern. These changes trigger alerts, which direct the surveillance officers to assess the situation.

OSC staff will consider a number of criteria in evaluating the urgency of the situation, including the detrimental impact on the markets and continuing risks presented by the activities you have alleged, the number of investors affected or at risk, the value of losses, and whether the alleged improper activity is ongoing.

You may not learn the progress or results of an assessment or investigation completed by Enforcement branch; these are conducted privately.

The OSC does not generally comment on the existence, status, or nature of an investigation. The purpose of this practice is to protect the integrity of investigations, to ensure the complaint process is not used to affect the market, and to promote fairness towards those who are the subject of investigations, but against whom proceedings may never be taken.

If information is provided to the public about an enforcement proceeding, that information will usually be found in the "OSC Proceedings" section of the OSC web-site at www.osc.gov.on.ca.

If proceedings are taken and allegations are proven, the Commission may impose sanctions and/or penalties; however the Commission does not have the authority to compensate investors, nor generally does it order compensation.


Sincerely,

John Quinlan
Inquiries Officer
Ontario Securities Commission
inquiries@osc.gov.on.ca
416-593-8314
1-877-785-1555

The information in this e-mail should be taken as a guide. The content is not intended to provide investment, financial accounting, legal, tax or other professional advice and should not be relied upon or regarded as a substitute for such advice. We recommend that you seek advice from a qualified professional adviser before acting on the information or content appearing in this e-mail or any information or content on a web site to which a link has been provided.

From:
Joseph Curry <real_tayopa@hotmail.com>
To:
<record@osc.gov.on.ca>
Date:
06/04/2010 03:41 PM
Subject:
manipulation ?