AMF files 6 charges against Pino Buscemi


Montréal – The Autorité des marchés financiers (AMF) has launched penal proceedings in the Court of Québec (Criminal and Penal Division), district of Montréal, against Pino Buscemi and is seeking a total fine of $36,000, which is twice the minimum fine.

As part of the proceedings, the AMF filed 6 charges against Pino Buscemi for violating the Securities Act (R.S.Q. c V-1.1) (the "Act"):

  • by aiding, by act or omission, Bear Bay Financial Services Inc. and Eurovision Management Services Ltd. in making a distribution of a form of investment subject to the Act, namely, promissory notes, without obtaining a prospectus from the AMF, thereby violating section 11 of the Act (3 counts);
  • by acting as a securities adviser without being registered with the AMF, thereby violating section 148 of the Act (3 counts).

For exemplary reasons, the AMF is seeking a total fine of $36,000, plus costs.

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

— 30 —


Media only:
Frédéric Alberro (514) 940-2176

Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337