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Re: schnitz post# 192215

Monday, 10/18/2021 5:19:27 PM

Monday, October 18, 2021 5:19:27 PM

Post# of 192568
My understanding is that in the USA we are required to follow the rules which are from US based equity "enforcement" (I don't believe these are from government entities like the SEC but by FINRA [used to be NASD], brokers which are self governed and are bound to follow the "laws" they created so brokers don't rip each other off.....and sometimes the individual gets protected too.....yes self ruled and regulated which is an entire other discussion of how they get away with such thievery).

Irks me so I'm sorry I got up on that soap box. LOL Anyway, So the rule (which all USA based brokers follow) is that a CE stock cannot be purchased but it can be sold. So it's possible some of the shares you saw today were US based but only sold not bought here. These sales go through special Market Makers (just fancy words for a middle man that makes money on "the vig". They do not give a Bid or Ask so to sell it's actually a market sell, even though you can put in a price). The MM will take them from you if they find a match buyer, always making a profit.

The fact that someone in Canada or elsewhere in the world can access a B/A and purchase these stocks makes it easier for the MM. So you, in Canada, can place a purchase price but all we can do here is sell and hope the MM is kind enough to give us a good price.

So a company like TD that is a Canadian company can do as they please out of the US and here they follow FINRA (when they want...yes a swipe at them LOL). I understand there are stock companies in Canada that aren't really brokers (I'm not familiar with Canadian "broker" practices).

As I may have mentioned, I've been in EESO for over a decade (2008??), and pretty much forgot about it until their movement early this year.

I hope I didn't leave out words and made this understandable to anyone reading it.