So what you are telling me is confirmation that the brokerage can short sell the stock I purchase in my margin account without telling me....?

The stock in my RRSP is segregated so no problems there.

Thus the Brokerage has capability to short sell a stock I take a private placement in if they hold a global certificate or individual certificates held in a cash / margin account?

This means that the broker has in effect old my stock and my position shows up as a journal entry.... ( I owe U ) in my account. Thus there is no declared short position reported as the shares are delivered to satisfy the new client.... and I have provided the loan of shares to my brokerage.

I checked with CIBC today and they could not tell me anything to the contrary as I have posted.

Secondly the loan is accepted in the fine print in your contract with the firm.. I know my Wolverton acount says this.... Agreeing to a global cert for PP's.... This allows them to bet against their own client using his shares to hide the short declaration.

I have taken some measures to combat this.... I frequently do the PP's directly and hold the cert untill tradeable.

If I think my broker has gone short using my stock, I transfer my position to another house... I have multiple accounts.

The regulations really need to be tightened up.... and enforcement of the existing rules.

JMHO