It will take at least to the end of 2008 to sort out the nuances of the changes to the revised 51-509 rule. Apparently each of the 13 provinces of Canada has their own set of unique securities laws to govern their individual province. Their securities laws are very different from the US Securities and Exchange Commission (the “SEC”) which has jurisdiction over all public companies and its shareholders listed on the OTCBB. SEC rules and requirements are also over and above individual state requirements for companies listed in the US. Whereas, in Canada, there is no one governmental oversight covering securities law for all of the provinces. It is structured more like the original thirteen colonies before we became the United States of America.


Bookmark to:
Add 'BCSC revises 51-509 Rule for U.S. OTC Issuers – Part 8' to Del.icio.us Add 'BCSC revises 51-509 Rule for U.S. OTC Issuers – Part 8' to digg Add 'BCSC revises 51-509 Rule for U.S. OTC Issuers – Part 8' to FURL Add 'BCSC revises 51-509 Rule for U.S. OTC Issuers – Part 8' to blinklist Add 'BCSC revises 51-509 Rule for U.S. OTC Issuers – Part 8' to My-Tuts Add 'BCSC revises 51-509 Rule for U.S. OTC Issuers – Part 8' to reddit Add 'BCSC revises 51-509 Rule for U.S. OTC Issuers – Part 8' to Feed Me Links! Add 'BCSC revises 51-509 Rule for U.S. OTC Issuers – Part 8' to Technorati Add 'BCSC revises 51-509 Rule for U.S. OTC Issuers – Part 8' to Socializer