Todays Globe and Mail Nov 17, 2018, pointed out that senior executives at Bombardier who wished to sell their shares...secretly, without notifying the public as the law requires, were granted yet another exemption to our laws, which I feel the public should know of.

Most people feel we are protected by securities regulators in Canada and I would like to put forth the view that perhaps this is upside down, not true.

The $8 Billion in investment market value decline in BBD shares in the last month or so is roughly equal to about 1.5 million street crimes, at an average cost of $5000 per street crime.  Most Canadians would be horrified to discover that 13 Canadian Provincial and Territorial Securities Commissions sell passes to "exempt" the laws, as easily as a high school kid sells fake concert tickets downtown.  Most Canadians think securites commissions are protecting the playing field, not rigging the playing field.  Most are wrong.

When exemptions were sold by Ontario Securitites Commission staffers to allow sale of unrated, illegal, Sub Prime Mortgage backed "investments", the harm to Canada was roughly equivalent to the cost/harm done by about six million street crimes (and Canada does not even HAVE six million street crimes....those are USA sized figures for street crime) The exemptions to securities laws allowed roughly $32 Billion of unlawful securities (Asset Backed Commercial Paper) to be dumped upon unsuspecting Canadians by dealers who wished not to be "stuck" holding the junk themselves.  

When Valeant Pharma was given exemptions to Canada's laws, the end effect was 90 Billion in market cap removed from the value of this company and this was roughly equal to more street crime than one can even imagine. These organized schemes are done without public notice, without public input, and in near total secrecy.  Not even the purchasers of law-exempted investment products have a right to be told.  This is not regulation by any standard, but systemic financial abuse by financial professionals.

I would just like Canadians to be informed that orgainzed white collar crime is harming the land by more than all the crimes in the land....and that this is done by organized professionals, acting in secret.