Price manipulation in financial markets is a prohibited activity, but identifying it is a problem in thinly traded securities markets. Clients expect a portfolio manager to provide up-to-date valuations. Actions to obtain these valuations are regarded as proper by the Exchange and, in the past,...

This paper argues that the Foreign Property Rule (FPR), which limits the foreign content of a Registered Savings Plan to no more than 20 percent of book value, should be removed as quickly as possible. Given the globalization of financial markets, the FPR does not protect what it is meant to...