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Message: Canadian short selling ban

Canadian short selling ban

posted on Oct 07, 2008 08:19AM

received Oct 6/08 on CIBC site

The Ontario Securities Commission (OSC) has issued a temporary order prohibiting short-selling of common and preferred shares of specific Canadian issuers. This order is effective immediately and remains in place until October 8, 2008, unless extended by order of the OSC. The companies affected are: Aberdeen Asia-Pacific Income Investment Company Ltd., Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Fairfax Financial Holdings Limited, Kingsway Financial Services Inc., Manulife Financial Corporation, Quest Capital Corp., Royal Bank of Canada, Sun Life Financial Inc., Thomas Weisel Partners Group Inc., The Toronto-Dominion Bank, and Merrill Lynch & Co., Canada Ltd.

For more information on the order prohibiting short-selling of some Canadian issuers, please visit the OSC website.

Please note that the Securities and Exchange Commission (SEC) in the United States has also issued an Emergency Order prohibiting short-selling in financial companies. This order is effective immediately and remains in place until October 17, 2008, unless extended by order of the SEC. More information on the SEC order is available on the SEC website.

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Oct 07, 2008 09:45AM

Oct 11, 2008 09:24AM
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