Monday, January 14, 2019 5:56:21 PM
The OSC announced today it is accepting comments/suggestions to lighten the trading regulations.
I suggest you contact them to revoke the change in law that saw ALL provinces place CTOs on stocks that has a CTO in one particular province only.
In other words, USMJ has a CTO in B.C. ONLY since 2010. I was able to buy USMJ shares after 2010 because I reside in Ontario. It was only when I tried to sell, that I found out about this new cto rule that all provinces would be affected by this B.C. cto. I was neither aware or notified of this in advance. If cto exists to protect investors, then this failed miserably since I was unable to sell and make significant gain. I am now stuck with shares that I can’t sell and USMJ does not appear to make any effort to file to lift the cto.
If you are in the same situation, I highly suggest you email them to revoke this ALL Province/Canada-wide cto rule.
Email them at inquiries@osc.gov.on.ca
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