Securities

On January 22, 2015, the Bureau de décision et de révision (the "Bureau") ratified an agreement between the Autorité des marchés financiers (the "AMF"), Rothenberg & Rothenberg Annuities Ltd. and Jack Rothenberg, president, shareholder and the firm's responsible officer.

According to the agreement, the firm will pay a $7,000 penalty. The firm and Jack Rothenberg have also agreed to set up measures so that breaches similar to those reported as part of the request filed by the AMF will not occur again.

The AMF filed this request following the publication of advertising that could mislead the firm's clients and the general public and in view of the fact that the firm agreed in 2011 to take corrective action regarding the content of its advertising, among other matters.