UEX Corp fka UEX

[Destinator]

Here is what needs to be done to Drain the Swamp in the Canadian Markets.

-First and foremost, Ban Short Selling outright. When it comes to the junior mining sector, it is my view that short selling is the root of what appears to be illogical market performance to most private investors. China has recently banned short selling to help prop up their markets. Too bad they waited until it was too late. How long will our representatives wait?

-Demand Live Transparency for Alternate Trading Systems (ATS) BID / ASK prices and volumes. Users must be allowed to select the exchange they want to trade on. No house or brokerage should be allowed to switch any part of an order from one exchange to another. First order in must always be respected provided that the volume being offered is availabe at the price of the order. If the Exchange shows that there are 25,000 shares offered at $1.30 and someone offers that before any other manually placed or algorithm order, then that order must be filled. First in first filled. No transfer to another exchange unless the person placing the order agrees to moving that specific order to another exchange using a new time stamp at the time that the change is approved for any residual order. No new tricky ways to get around this such as pre-screening of orders is ever to be allowed to be communicated in any way to any other bodies prior to the Send Order button being activated.

-Review ETF regulations and the role their process plays in the predictability which benefits short sellers. Scheduled Re-distribution rule forces predictable selling which leads to massive short selling opportunities for those in the know. To an extent, Forced scheduled re-distributions are akin to serving as advanced information that is of particular value to high volume traders who can afford to short sell. Note that if short selling is banned, then the ETF issue could become much less of an issue. Re-distributions are fine as long as they are done daily instead of en-masse every 6 months or any longer period than daily.


So what are you waiting for? If you want to bring back order to this aspect of the Canadian Junior markets, then copy the above three points into your letter. Just be sure to write some works from yourself.

Contact your MPP first. Find your MPP here if you live on Ontario. Otherwise access your Province's equivalent site. Other countries are doing this. So must Canada.

Ontario MPPs


Carbon Copy the OSC

Ontario Securities Commission
20 Queen Street West
20th Floor
Toronto ON M5H 3S8

[e-mail]


Carbon Copy IIROC. They have Regional offices. Pick the one that suits you.

IIROC Regional Addresses