Prospector News Publisher Michael Fox sits down with Terry Lynch the Founder of Save Canadian Mining to discuss the impact of predatory short selling on Canadian Financial Markets. We define what predatory short selling is; how it started after ending the uptick rule; what the uptick rule was; and the end results on the markets.
Change is starting to happen. South Korea has recently banned naked short selling on their national stock exchange. In the United a recent court case of Harrington Global v CIBC International Markets et al has opened the door for banks and brokerages to be held liable for the actions of individuals on their platforms.
Finally, we discuss the upcoming webinar and round tables on Friday November 24th at 10 AM Eastern time, which will outline the steps companies and investors can take to help end this practice in Canada.
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