The Globe and Mail reports in its Tuesday, Nov. 12, edition that Ontario's Capital Markets Tribunal has dismissed a case brought by the Ontario Securities Commission, which alleged that Cormark Securities facilitated an "abusive" short-selling scheme involving Canopy Growth. The Globe's Alexandra Posadzki writes that the tribunal deemed the OSC's allegations "an overreach." The Cormark case began when Canopy joined the Toronto Stock Exchange's composite index on March 17, 2017. Cormarck's Jeff Kennedy and Cormark client Marc Judah Bistricer of Saline Investments were defendants in the dismissed case. Mr. Kennedy structured the transactions. The OSC had contended that a series of deals amounted to an illegal distribution of Canopy's shares and that Cormark and Mr. Kennedy had failed to deal with Canopy, which the OSC alleges was their client, "fairly, honestly and in good faith." However, the tribunal determined that the respondents did not engage in an illegal distribution and that Canopy was not Cormark's client. Three adjudicators said in a Nov. 6 decision that the commission has not proven any of its numerous allegations. "We conclude that these allegations against the respondents were an overreach."