Investor warnings - News
Montréal - The Autorité des marchés financiers ("AMF") cautions consumers about solicitations conducted on the Internet by Martin Boyer seeking investments in the stock market and promising returns of up to 1,000%.
Even though Martin Boyer is not registered with the AMF and acknowledges that he does not have any training in securities trading, he invites investors through Internet ads to entrust him with the management of brokerage accounts via trading authorizations. He asks for a minimum investment of $15,000 and promises hefty returns. As well, investors are offered shares in a company without a prospectus approved by the AMF.
To enforce the law and protect the public, the AMF asked the Bureau de décision et de révision ("Bureau") to issue orders barring him from acting as a securities and derivatives adviser, prohibiting him from carrying out any activity in respect of a transaction in securities and requiring that he remove all related ads on the Internet. As well, the AMF asked the Bureau to order him to pay penalties totalling $4,000 for illegal practice as a securities and derivatives adviser and for illegal practice as a securities dealer.
The Autorité des marchés financiers ("AMF") is the regulatory and oversight body for Québec's financial sector.
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Sylvain Théberge: 514-940-2176
Québec City: 418-525-0337
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