I found this on Stockhouse.

EXTRACT FROM JIM WILLIE'S GOLDEN JACKASS APRIL NEWSLETTER
In the last two months, details have surfaced about naked shorting by Canadian financial firms. The main firm implicated is Alpha Group. The evidence is that when mining firm shares are bought, often they do not add to the traded official volume. They therefore offset previous naked shorts for mythical shares. The risk is not only of the price impact from illegal naked shorting. The risk extends to owning counterfeit shares that result from closing out an illegal position in the first place. The industry calls them phantom shares, since so widely spotted. See the weblog by Mexico Mike, an intrepid soldier (CLICK HERE).

Alpha Group was established in 2007 by nine of leading Canadian financial institutions with the aim of increasing the equity trading efficiencies and making Canada more globally competitive. Maybe so, but it also opened the door to naked shorting and deep corruption with no prosecution. The Alpha Group partners are all major players in the Canadian securities industry. The nine partners are: BMO Nesbitt Burns, Canaccord Capital, CIBC World Markets, Canada Pension Plan Investment Board, Desjardins Securities, National Bank Financial, RBC Dominion Securities, Scotia Capital, and TD Securities. Among the list, the only prevalent complaints heard by the Jackass and fellow colleagues has been Canaccord.

These crooks should all be punished.

Ook