IB Canada.. Anyone use them?

Quote from Sam Mcgee:

Someone told me that a lot of people from the IDA, OSC and the other securities regulators are friends with all the big brokers in Canada. They hang around with each other, go to the same parties etc.

The regulators say that they are protecting us the small investor from harm but I think that they're just protecting the high commissions in the Canadian securities industry.

I read that it was harder for Interactive Brokers to get into Canada than almost any other country.

We should all write to the Toronto Stock Exchange, your provincial securities regulator, the IDA, your MP and MPP and ask them why it is taking so long for them to let Tradestation come into Canada.
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Why are our securities regulators hindering large reputable companies like Interactive Brokers and Tradestation from setting up business in Canada. They're supposed to be protecting investors but from my perspective they're hindering me from learning and using Tradestation.

I found here on Elitetrader, someone recommending a trader advisory service with an Ontario address. The company posted returns of over 100% for one month which if it's true, sign me up right away! I should be able to retire in 6 months! However I'm a little skeptical when the Elitetrader username of the person recommending the service and the Contact name on the company's website is almost the same.

My point is I've read about many cases where the Securities and Exchange Commision in the US will take a company to court if they make false claims about historical returns. Are our Ontario regulators doing their job of protecting investors or are they protecting something else?
 
Quote from Sam Mcgee:

Someone told me that Canada's securities industry has very high standards compared to the Americans. He said, look, they have Enron and Martha Stewart. I replied, "that's my point exactly, our regulators aren't exposing the Enrons and Martha Stewarts as much as they should"

http://regulators.itgo.com/PI/419.htm

http://regulators.itgo.com/PI/Public_Interest.html
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Don't forget Canadian scandal as BreX and some other that many have forgotten since!
 
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