Replies to post #9856 on David Lazar's OTC SPAC's/CUSTODIAN Plays

[Imagineer66]

It's a matter of which entity is capable of abiding by international laws and the laws of each country. The Canadian trading houses have seats on the US exchanges just like Fidelity has one on London's and Toronto's. Canadians have an account with a Canadian house making that part of the transaction internal to Canada abiding by Canadian laws. The Brokerage firm is the international player abiding by the laws of both countries and any treaties not the person. If you had an account in Canada then YOU would become the international player instead of the brokerage.

I can buy stocks on the London or Toronto exchanges through Fidelity. My transaction with Fidelity is local to the US even though I am buying a UK stock. Fidelity is the international entity. This, of course, assumes the stock in question is ONLY listed on the LSE.

[Nefyn]

Could you send me a list of the brokers? I think we need to set up a LLC in Canada (easy to do), then set up the brokerage account through the LLC