General Category > Fairfax Financial

Fairfax India Trading Block

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FairFacts:
I tried to add some FFXDF in my IRA account at Fidelity today (I have been accumulating small purchases regularly without any issue).
Today however, Fidelity gave an error message
"Error (146834) Securities flagged as Rule 144A cannot be traded through this electronic channel".

I called Fidelity who told me that I can only issue sell order and only through their desk (not electronically). They said it is because Fairfax India has not complied with all SEC filings therefore they will not allow any further purchases.

Anyone else seeing this??

WideMoat:
Yes, same.

FairFacts:
I emailed investor relations about this and here is their reply

"Thank you for your email.
Fairfax India Holdings Corporation has been listed on the Toronto Stock Exchange in US dollars under the symbol FIH.U since it's inception year end 2014. The company files all required news releases, financial reports and other disclosures only under the SEDAR system in Canada as required by the Ontario Securities Commission.
The Company does not market or disseminate information in the United States or through the SEC.
The Company has not created or supported any other listings beside the FIH.U symbol on the TSX."


Not sure where this leaves us.

eclecticvalue:
Parsad, is there a possibility you can talk with Fairfax for getting current with the SEC so U.S. shareholders can buy ffxdf again? or if anyone is going to the annual meeting, Can someone bring it up?

rohitc99:

--- Quote from: FairFacts on February 07, 2019, 12:53:46 PM ---I emailed investor relations about this and here is their reply

"Thank you for your email.
Fairfax India Holdings Corporation has been listed on the Toronto Stock Exchange in US dollars under the symbol FIH.U since it's inception year end 2014. The company files all required news releases, financial reports and other disclosures only under the SEDAR system in Canada as required by the Ontario Securities Commission.
The Company does not market or disseminate information in the United States or through the SEC.
The Company has not created or supported any other listings beside the FIH.U symbol on the TSX."

Not sure where this leaves us.

--- End quote ---

i am facing the same issue. how did this work till now if it was listed only on TSX

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