March 20, 2008 Securities

Montréal – The Autorité des marchés financiers (AMF) has launched penal proceedings in the Court of Québec (Criminal and Penal Division), district of Montréal, against Angela Bonfitto.

As part of the proceedings, the AMF filed 2 charges against Angela Bonfitto for violating the Securities Act (R.S.Q. c V-1.1) (the "Act"):

• by aiding, by act or omission, Vision Management Services Ltd. in making a distribution of a form of investment subject to the Act, namely, promissory notes, without a prospectus approved by the AMF, thereby violating section 11 of the Act (1 count);
• by acting as a securities adviser without being registered with the AMF, thereby violating section 148 of the Act (1 count).

For exemplary reasons, the AMF is seeking a total fine of $12,000, which is twice the minimum fine, plus costs.

The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.

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