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Canadian Stocks/A.C.MacPHERSON & CO. INC.

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Question
I know that the above has  been suspended from trading for overcharging people buying stock.  Can you tell me if there was a class action suit against him and his company and the result if so.  Thanks in advance.

John

Answer
John, I do not believe there was ever any class action lawsuit against A.C. MacPherson or any of the other Ontario Penny Stock dealers that were finally put out of business by the OSC for their crooked dealings. Chances are there would have been little chance of any recovery - most of those securities violators either spend the money or hide it offshore before the courts can get their hands on it for restitution.

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