Sunday, February 9, 2014

SEC, BCSC, OSC, are any of you paying attention?

IKN points out that Augusta Resources started going up well before the news release of this weekend.

So apparently someone at Hudbay, someone at Augusta, or someone with magical powers of ESP was spreading the news and loading up on the shares long before this material information became public.

Do the securities regulators ever bother to do anything when it turns out people are trading stock on material developments that have not been made public?

I guess that chart is your answer right there. No they do not.

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