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> Which let's the Texas of Canada, Alberta, run it's own stock exchange with much looser listing requirements and security requirements. This Texas exchange wil
by chollida1 2y ago
> Which let's the Texas of Canada, Alberta, run it's own stock exchange with much looser listing requirements and security requirements. This Texas exchange will not have that advantage.
One point of note, there hasn't been an Alberta stock exchange since 1999. The Toronto stock exchange bought the Vancouver, Alberta and small cap option market form Montreal and merged them into one stock exchange called the Toronto Venture stock exchange.
Its head quarters are in Calgary but its computer are located in Ontario and its under IIROC supervision and rules. And the BC and Alberta government co regulate it but their securities commission rules aren't what's followed, its the IIROC rules that apply.
- astrodust 2y agoThe Canadian Venture Exchange was absolute anarchy, and that was compared to the already lax Toronto exchange that had been chock full of sketchy mining stocks, the poster child of which was Bre-X. Which of course was from Calgary. https://en.wikipedia.org/wiki/Bre-X https://en.wikipedia.org/wiki/Bre-X
- chollida1 2y agoBre-X was actually dual listed on the TSX(in Toronto) and the Nasdaq in the US, not the junior venture exchange. But, agreed, that stock was a wild ride while it lasted!!
- chx 2y ago> Busang's gold resource was estimated by Bre-X's independent consulting company, Kilborn Engineering (a division of SNC-Lavalin of Montreal Ah yes, SNC-Lavalin and fraud, name a more iconic duo. https://www.cbc.ca/news/canada/montreal/snc-lavalin-trading-court-libya-charges-1.5400542 https://www.cbc.ca/news/canada/montreal/snc-lavalin-trading-... https://en.wikipedia.org/wiki/SNC-Lavalin_affair https://en.wikipedia.org/wiki/SNC-Lavalin_affair
- astrodust 2y agoIf only they still made Heritage Minutes.