more policy that has been contravened
posted on
Jul 25, 2014 04:44PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
http://www.tmx.com/en/pdf/Policy3-4.pdf
2.7 The following activities, transactions or schemes are considered to be improper market-making activity: (a) executing any transaction in a security where the transaction does not involve a change in beneficial ownership;
POLICY 3.4 INVESTOR RELATIONS, PROMOTIONAL Page 3
(as at December 15, 2008) AND MARKET-MAKING ACTIVITIES
(b) entering an order or orders for the purchase or sale of a security with the knowledge that an order or orders of substantially the same size, at substantially the same time and at substantially the same price for the sale or purchase of such security, has been or will be entered by or for the same or different Persons, with the intention of creating a false or misleading appearance of active public trading in a security or with respect to the market price of a security;
(c) effecting, alone or with others, a transaction or series of transactions to induce others to purchase or sell the same security or to artificially raise or lower the price of a security;
(d) entering an order or orders for the purchase or sale of a security that has or have the effect of artificially raising or lowering the bid or offering prices of the security or that could reasonably be expected to create an artificial appearance of investor participation in the market;
(e) purchasing or making offers to purchase a security at successively higher prices, or selling or making offers to sell a security at successively lower prices, if the transactions or offers create a false or misleading appearance of trading or an artificial market price for the security;
(f) effecting, alone or with others, one transaction or a series of transactions where the purpose of the transaction is to defer payment for the security traded ("debit kiting");
(g) entering an order to purchase a security without the bona fide intention of making the proper settlement of the transaction;
(h) entering an order to sell a security, except for a security sold short in accordance with the provisions of the Securities Laws, without the bona fide intention of delivering the security necessary to properly settle the transaction; and
(i) engaging, alone or with others, in any transaction, practice or scheme that unduly interferes with the normal forces of demand for or supply of a security or that artificially restricts or reduces the Public Float of a security in a way that could reasonably be expected to result in an artificial price for the security.