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we haven't had much success, A | few years ago one of the Quebec courts took a narrow view r' Canada-United States extradition treaty, We haven't made much | use of it since." SASKATCHEWAN PRAISED Gadsby sald the provinces will prosecute where fraud is evident, | but he likes the Saskatchewan ap- | 22 THE OSHAWA TIMES, Thursday, November 5, 1959 Crooks Flock To Market a By HAROLD MORRISON The main idea, sald Gadsby, Is| « roker Press Staff Writer |to get a suspicious customer to AL and Sper: aig oat WASHINGTON (CP)--The man|call the commission. Commission stock in the U.S. must first reg- who polices the United States/ members could soon tell whether | ster with our commission--that's stock market says there still are the stock promoter is a respect-|p, provincial law. He can't deal a lot of crooks and swindlers able firm registered with theli, unregistered securities. operating out of Canadian commission or on the commis-| ,, | "bucket shops." |slon's "blacklist." aie YEuvitcey los ey Son "But they're. not all in Canada| Crooks and swindlers are it 8 Bo fl si panic by any means," hastily added quickly prosecuted. The commis- legislation wh fu CB age Edward G. Gadsby, chairman of sion has power under U.S. legls-|yy og, cicaichewan legislation ex- the U.S. Securities and Exchange lation to subpoena witnesses and |, q00" sonics the country." Commission, in an interview. [examine books. But this power ' "We've got a lot of them right|doesn't extend beyond: the U.S./SPRFAD TO P.E.L here in the United States; more borders, While most a He ovis! than in Canada; but we are able have some form of stoc! ing, to get at them a lot easier. [SEER STRINGED MAYS sit. some of the smaller ones appar- "That's the trouble with my|, tif" ® (oe Fe debe said. [ently have nothing in this field, job," he added with an after- ion CEC A a lof [feeling they cannot afford (his thought, "'there's always a new n service, supply of crooks." ; of wonderful stocks, Many of] them are duly listed with us for] One of Gadsby's aides said | WIDE MESSAGE legal sale in the U.S. some of the high-pressure pro- | The white-thatched Gadsby is| "But we still get complaints of |Moters appear to be operating out currently in the midst of a new|swindlers operating out of Can-|Of the tiny province of Prince Ed-| campaign to warn U.S. investors|ada and we can't do very much|Ward Island. The commission, he) against the possibility of fraud.|about it. By and large, the prov-|said, even has reports of high-| With circulars, pamphlets and an-|inces co-operate with us, but it is| Pressure activities out of White- | mated television cartoons. he not against the law in Canada to|horse, in the Yukon. hopes to carry the "investigate|sell stocks illegally in the U.S.| There are no securities author-| before you invest" message into| "We've tried to extradite the|ities there and it "sounds like a millions of U.S. homes. crooks to face charges here but/bucket shop," the official said. 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