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IIROC has received enquiries regarding its decision to cancel trades in Nabis Holdings Inc. (CSE:NAB) between January 27, 2021 and February 2, 2021 (IIROC Notice 21-0022) .
The security should not have been available for trading. The trades were cancelled as a result of the Canadian Securities Exchange’s (CSE) confirmation that the common shares of Nabis Holdings were not eligible for trading. (CSE Bulletin 2021-0212). The shares continue to be ineligible today.
As a result all trades were determined to be invalid, and IIROC had no other option but to cancel all trades.
