Oh really? Thanks for that revelation, Captain Obvious. Yes, we all know Canadian firms aren’t FINRA members — because, shocker, they’re in Canada. But here’s the part the tinfoil crowd conveniently forgets:
Those trades in U.S. OTC stocks? They go through U.S. market makers — who are FINRA members and do report. So unless Canadian brokers have discovered some interdimensional wormhole that bypasses all regulatory oversight, those trades still get tracked. You don't get to just short U.S. stocks and vanish into the maple-syrup mist.
Also, IIROC (Canada’s version of FINRA, for those who just learned what an acronym is) requires short position reporting, too. And guess what? They talk to U.S. regulators. This isn't 1993 — regulators actually use email and data-sharing now.
So no, there's no magical Canadian black hole where shorts go to hide from FINRA. If your favorite trash OTC stock is tanking, maybe it’s not a Canadian conspiracy. Maybe it’s just garbage.
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