Wrong ... the CTO affects all of Canada as proven on the Canadian Securities Administration website. By agreement all Canadian securities regulators honor another provincial regulators CTO's. Martel should be aware that as a Canadian/Quebecer he is bound by the the laws of Canada/Quebec in conducting his securities trading. jmo http://cto-iov.csa-acvm.ca/SearchArticles.asp?Instance=101&Form=1&Attr3=1&IssuerPerson=*wanderport*&begins=on&x=84&y=13