"Now the shorts are lying about a cease trade ord

Quote:

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[from guru:] "Now the shorts are lying about a cease trade order in Canada."

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Not necessarily. Here's the poster's clarification:

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The Canadian Securities Administrators (CSA) is an umbrella organization of Canada’s provincial and territorial securities regulators whose objective is to improve, coordinate and harmonize regulation of the Canadian capital markets.

RBC - REJECTION CODE 9A - Unable to process order - Contact Broker

Basically what happened was I placed my 2 orders through my RBC broker here is Canada.
So I called them...
It was explained a cease trade order placed on it because they haven't completed the necessary fillings, here in Canada and they are under investigation.

It is a lot stricter and there is more oversight for Canadian Trade platforms and Canadian Investors, this is in an effort to improve the over all market.
As a protection to RBC clients JBI has been stopped because of an investigation by their Compliance Dept. Each regulatory body provincialy has guidelines companies need to follow.
(JBI - NON COMPLIANCE)

I expect they haven't updated there system seeing that the 10K came out yesterday.

I also assume this may have to do with the fact they are a Canadian Company. So what that means is other Trade Platforms like Quest trade don't have the same regulatory over sight that Royal Bank of Canada does when it comes to certain stocks to protect there customers. Thats my guess.

I thought this was weird so I called JBI in Niagara Falls and left a message. - I will update response