ECON201 Lecture Notes - Lecture 14: Canadian Securities Institute, Investment Banking, Insider Trading

• School: University of Waterloo
• Department: Economics
• Course: ECON201
• Professor: Alain- Desire Nimubona

Document Summary

If they are self-(cid:396)egulati(cid:374)g, the(cid:374) the(cid:396)e"s (cid:374)o o(cid:374)e a(cid:271)o(cid:448)e them to control their actions: they were able to show in the past that they were able to regulate themselves. Other sro players: canadian depository for securities (cds, owned by the tmx, clears and settles the (cid:271)uye(cid:396)s" a(cid:374)d selle(cid:396)s" t(cid:396)ades. In the middle of the selling of all canadian securities: have a monopoly on being in the middle, canadian investor protection fund (cipf) Insures brokerage account contents (not losses!: provide insurance against member insolvency, canadian securities institute (csi, owned by moody"s, offers courses required for licensing by regulators, provide education for industry participantsx. Iiroc have been criticized for not bringing enough disciplinary hearings against people. Iiroc may be concerned about insider trading (illegal) If you know that this transaction will happen, you could buy the shares now (knowing that the share price will increase), then you will sell them and make money.