Capital Markets Modernization Taskforce Consultation Report: https://bit.ly/3iYMA58
Toronto, Ontario–(Newsfile Corp. – July 13, 2020) – Save Canadian Mining (SCM) today responded to the 47 policy proposals contained within the consultation report released by Ontario’s Capital Markets Modernization taskforce last week. The advocacy group, which includes many junior mining companies as well as mining associations and TSX Venture Exchange, was pleased with the attention paid to predatory short selling, which they claim has disproportionately impacted the junior mining sector for years.
“We commend the work of the taskforce and are encouraged that our message on the need for more regulatory oversight of predatory short selling has been heard. We remain hopeful that the final recommendations will include an endorsement of the “tick test” and that the government decides to reinstate this critical safeguard,” said Terry Lynch, Executive Director of SCM.
SCM has been raising awareness for the importance of the tick test (among other regulatory and structural issues within Canada’s capital markets) since the advocacy group launched in November of last year. Continue Reading →