Securities

Montréal - On February 2, 2015, Justice of the Peace Marie-Claude Bélanger of the Court of Québec criminal division for the district of Témiscamingue fined Luc Desjardins The respondent should not be confused with Luc Desjardins, who holds a certificate in financial planning (158 539) and is registered as a dealing representative (mutual fund dealer - NRD 1795331) with National Bank Securities Inc.  a total of $22,450 after he pleaded guilty to one count of influencing or attempting to influence the market price or the value of securities by means of unfair, improper or fraudulent practices.

According to the investigation conducted by the Autorité des marchés financiers (the "AMF"), Luc Desjardins conducted a number of fictitious trades in the securities of a mining company between his own tax-free savings account (TFSA) and the brokerage account of CVM, a construction company based in Témiscamingue under his control. Mr. Desjardins therefore controlled both the buy and sell positions.

The fine represents double the profit Luc Desjardins earned through the trades uncovered by the AMF.

The Autorité des marchés financiers (the "AMF") is the regulatory and oversight body for Québec's financial sector.

- 30 -

Information:

Media only:
Sylvain Théberge: 514-940-2176

Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337
www.lautorite.qc.ca
Twitter: @lautorite This link will open in a new window