Friday, September 19, 2008
OSC Imposes Temporary Short-Selling Ban
Bloomberg, Sean B Pasternak & Joe Schneider, 19 September 2008Canada's main stock-market regulator banned temporarily the short-selling of bank and financial stocks following similar moves by U.S. and U.K. regulators.``We will take the appropriate steps necessary to protect our markets and ensure that they are not used for purposes of regulatory arbitrage,'' Ontario Securities Commission Chairman
Labels:
BMO,
CIBC,
Great-West,
Manulife,
National Bank,
RBC,
Scotiabank,
Sun Life,
TD Bank
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