Montréal, February 2, 2011 - On January 24, 2011, before Judge Johanne White, Justice of the Peace of the Court of Québec (Criminal and Penal Division), district of Montréal, Peter Krauth pleaded guilty to 13 counts brought against him by the Autorité des marchés financiers (the AMF) and was fined $61,500.
More specifically, the AMF accused Peter Krauth of acting as a securities dealer without being registered as such on six occasions, aiding Acamex Capital, Bridge Management (Barbados) Inc. and Opus Management Capital Ltd. with illegal distributions on six occasions and making misrepresentations to an investor in respect of a transaction in a security.
Acamex Capital Corporation
Peter Krauth is one of four individuals prosecuted by the AMF in the matter of Acamex Capital Corporation. In October 2009, Roberto Pistilli pleaded guilty to 15 counts and was fined $60,000. Sebastian Mecca, found guilty of 20 violations related to illegal investments in Acamex Capital and Bridge Management (Barbados) Inc. was fined $112,000 in June 2010. Frank Mastrocola, facing 29 counts in this matter, will stand trial in March 2011.
The Autorité des marchés financiers ("AMF") is the regulatory and oversight body for Québec's financial industry.
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