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Stock impact report

‘Market manipulation' cases trending up in Canada: regulator data [BNN Bloomberg (Canada)]

Quantum Biopharma Ltd. - Class B Subordinate Voting Shares (QNTM) 
Company Research Source: BNN Bloomberg
But even as Canadian regulators step up, an advocacy group says punishments remain far lower than some eye-popping penalties levied in the United States -- something it says must change to take the profit out of tricking the market. “What we need is our systems to send messages out there to say, ‘Hey, we need to stop this. You need to be punished, and we need to get reform,'” said Terry Lynch, the founder of the group Save Canadian Markets. Lynch, who is also the CEO of Power Metallic Mines, said he's seen multiple cases where Canadian stocks drop drastically in value – something he attributes to the combined efforts of millions of trades driven by computer programs. Many of those automated trades could be “spoofing” the stock, he said. That's a type of market manipulation where a trader makes large buy or sell orders they never intend to complete, creating false market signals to other investors. Lynch suspects unscrupulous traders are using algorithms, or “algos” as he call Show less Read more
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