Agreement between AMF, IMIA and Réjean Paul: administrative penalty of $34,044 imposed by Bureau

Decisions and Freeze and cease trade orders Securities

Montréal -  On October 8, 2015, the Bureau de décision et de révision ("Bureau") acknowledged the agreement entered into by the Institut Mondial de l'Investisseur Actif inc. (IMIA), Réjean Paul and the Autorité des marchés financiers ("AMF") and imposed an administrative penalty of $34,044 on IMIA for failing to comply with the Securities Act and its regulations regarding registration and prospectus requirements. As well, the Bureau lifted all the prohibition orders issued in June 2014.

This decision constitutes the final stage in the normalization process in this matter further to the decisions issued by the Bureau on June 5 and September 11, 2015.