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Alias Born | 05/21/2014 |
Friday, February 05, 2021 3:38:28 PM
There are currently two (2) options available:
1) Call your local provincial securities regulator and explain the situation. Due to the WSB craze and other restrictions in the last few weeks,I am hearing more and more stories of successful sells using this method from people who reached out to ask to sell the shares as a one time exception. If this method does not work there is a second option:
2) Gift the shares to a family member who holds a US. Brokerage account so that they can actually sell them for you. For this method you can claim the capital loss on the shares AND when the family members sells them in the U.S., you also get that money back.
3)* (This only applies if you live in Ontario - due to a court order, many Cease Trade Orders can be bypassed in this province because of their American like Laws which state it is unfair to the investor if government can intervene- some research required on your end but I in Quebec was able to find this rule for Ontarians - equally, if you can confirm Medican is eligible under this rule - you could potentially transferthe shares to family in Ontario and use method #2)
Hope this helps everyone, I have contacted myprovincial SA and will update y'all as I receive more info :)
Godspeed everyone, if the scamming management and a garbage socialist government won't help us - I will.
$MDCN
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