Latest / How Canadian Markets Work
Episode 56: The Exempt Market (The Price of Illiquidity)
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Episode Summary While we have spent multiple episodes analyzing the strict protections of the prospectus system, the reality is that enormous volumes of securities are sold legally in Canada without a prospectus ever being filed. The exempt market exists because producing a prospectus is slow and expensive; it is designed to let companies bypass this burden in situations where regulators believe public protection is unnecessary. This episode takes apart the major categories of prospectus…
The skinny
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