Montréal - At the request of the Autorité des marchés financiers (the AMF), the Bureau de décision et de révision (the Bureau) issued a decision on November 21, 2011 that expanded the scope of a decision issued in July 2011 in a matter of market manipulation involving Wanderport Corp.and Neuro-Biotech inc.
More specifically, with the consent of Jean-François Amyot and Conseils Hilbroy inc., the Bureau ordered that bank accounts be frozen and the www.glucksteinsilverspoon.com This link will open in a new windowand www.i2cg.org This link will open in a new windowwebsites be shut down. The Bureau also prohibited Jean-François Amyot, IAB Média inc. and Conseils Hilbroy inc. from carrying out any transaction in securities.
In July 2011, the Bureau issued a decision prohibiting, in particular, any transaction in the securities of Wanderport Corp. and Neuro-Biotech inc. due to alleged market manipulation. Under this decision, Wanderport Corp., 65705442 Canada inc., and Conseils Hilbroy inc. and their officers, directors and employees, as well as Jean-François Amyot, Andrea Cortellazzi and Andrew Barakett are prohibited from carrying out transactions in the securities of Wanderport Corp.
The Bureau also ordered Neuro-Biotech inc., its officers, directors and employees, as well as Andrea Cortellazzi and Serge Ollu to cease carrying out any transaction in the securities of Neuro-Biotech inc. In addition, the Bureau ordered IAB Média inc. to shut down the website itsallbull.net, which was used to promote the securities of Wanderport Corp.
The Bureau's analysis highlighted the complexity of this matter. What we have here is a case of market manipulation involving numerous individuals. Over the years, their tactic was to promote the securities of some of the corporate respondents in order to pump up the value. They then sold their securities and pocketed the profits generated by the inflated price, stated the Bureau in the decision issued in July.
The Autorité des marchés financiers (the AMF) is the regulatory and oversight body for Québec's financial industry.
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