Support “Save Canadian Mining”
I will keep this post short but this is something I believe people need to be aware of so I will use what influence I may have to help bring light to the subject.
Although this is not a roofing service related post it is still related to business and industry. It is also about the Freedom, Responsibility, Fairness and Respect I feel must be applied to all personal and business endeavors alike.
As an independent Canadian Roofing contractor and retail investor the one thing I cannot stand is artificial manipulation of circumstances for the unfair benefit of one business over another. Whether I enter into a roofing contract or a retail trade in the stock market I expect all the proper information to be available to make an informed decision and proper regulations to be in place to ensure a fair and equitable transaction that will benefit all parties involved.
For 142 years the rule requiring short sales of stocks to be done on neutral or positive transactions and ensuring shares were first borrowed or available to be borrowed for those short sales maintained a fair and more level playing field for all involved in these markets.
The removal of the “uptick ” rule , in my opinion, has fostered an environment for dubious trading pools to flourish whereby algorithmic trading systems executing with high frequency harm the trading ecosystem. I expect the “normal” price action of the instruments available for trade to explore and reach proper valuation within the market as per the standard supply and demand of any free and open market system.
By allowing certain expansions of trading practices this , supposedly,fair and equitable market becomes a wasteland of unfair manipulation, stock price anomalies and trading practices I would call criminal.
I am also in agreement with the opinion of Mickey Fulp The Mercenary Geologist that there is a conflict of interest with TMX money insofar as being owners of the very exchanges they are supposed to help regulate considering their business model profits from the commissions of sales on those very same exchanges. The expanded trading regulations mean more revenue for the company but at what cost to the average retail investor and honest company trading on the exchange?
Whether you are a seasoned investor, novice trader, institutional trader, business owner or trust your money to be invested by someone else this issue should be of concern because the more a situation like this is allowed to proliferate the more of your own hard earned money could be adversely affected. I for one, as an individual retail investor, supporting businesses I believe in and having done my due diligence upon expect the normal day to day dynamic of supply and demand in the free, open market to dictate the price action of those companies. Once some offshore, dark pools of opportunists are given the opportunity to profit from a deregulation in policy by the very body that is supposed to be helping ensure a level playing field then we have a problem that needs to be addressed. This is why Kevin The Roofsmith supports Save Canadian Mining.