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Moose Pastures and Mergers

The Ontario Securities Commission and the Regulation of Share Markets in Canada, 1940-1980

Bibliographic Data

ID19948377
AuthorsChris Armstrong (0000-0002-3478-2579), Christopher Armstrong (0000-0002-5960-4808, corresponding author)
Year2001
Publication date2001-12-31
Open AccessNo
TypeBOOK
VenueMoose Pastures and Mergers (SOURCE_BOOK)
PublisherUniversity of Toronto Press (PUBLISHER • CA)
DOI10.3138/9781442620780
OpenAlexW1499236566
Open LibraryOL35831218M
ISBN9781442620780
LanguageEN
Citations received3

Long before the spectacular collapse of Bre-X in 1997, the Canadian capital markets had their share of swindlers and crooks. In the boom times after Second World War, hard-sell speculative mining ventures, pushing what often amounted to a few acres of moose pasture, riddled over-the-counter markets and the TSE. It was in this context that the Ontario Securities Commission developed into Canada's leading securities regulator. Following the war, the OSC concerned itself primarily with fraudsters and attempts to reign in Toronto's boiler rooms, but by the mid-sixties increasingly sophisticated markets and a series of scandals culminating in the Windfall affair resulted in a rewriting of the Securities Act and a widening of the OSC's investor protection mandate. The seventies tested the Commission's new powers as increased corporate merger activity brought the phrase .insider-trading. into the popular lexicon. Surprisingly, considering that capital markets have such a profound impact on Canada's well-being, this is the first thorough study of the their post-war evolution and regulation. Moose Pastures and Mergers takes off where the author's acclaimed previous work, Blue Skies and Boiler Rooms: Buying and Selling Securities in Canada, 1870 - 1940, left off. With an ear for a good story - seedy personalities, bunglers and guileless victims abound - and a scholar's rigour, Armstrong has met the protean beast of share markets head on and revealed its shape for the timid or the merely baffled. Essential reading for business journalists, securities lawyers, academics, and interested investors. Winner of the J.J. Talman Award presented by the Ontario Historical Society

Business · Capital market · Commission · Economic history · Economics · Investment banking · Political science · Canadian Identity and History · Canadian Policy and Governance · History · Law · Russia and Soviet political economy · Finance

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Unique citing works3
Citations per year0,14
Citation span2004 - 2016 (13)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 1
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