Globe and Mail, Wednesday, March 16:
Last Wednesday, WestJet's trading volume hit nearly three million shares and another million shares traded hands last Thursday.
The jump in trading, higher than recent average daily volume of 573,000 shares, caught the eye of Market Regulation Services, the independent regulator of Canadian equities trading. Regulator spokesman Doug Maybee said that, as part of a standard review, trading in WestJet will be examined for the two days prior to Jetsgo's filing for bankruptcy protection last Friday.
"We look at all trading leading up to announcements such as this to ensure that all trading was done in accordance with the rules," he said.
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