February 14, 2018 Insurance

Montréal – The Autorité des marchés financiers (AMF) has launched legal proceedings in the judicial district of Montréal against Charlito Hael for offences committed under the Act respecting the distribution of financial products and services.

A total of 16 counts were filed: 11 counts of making a misrepresentation to a client, three counts of granting or agreeing to grant a premium rebate that did not appear in the insurance contract issued by the insurer, and two counts of contravening the trading instructions of a client or failing to execute transactions requested by a client.

Further to an application filed by the AMF, the Financial Markets Administrative Tribunal issued various orders against Charlito Hael in May 2017.

A judgment was rendered on June 19, 2019 in this matter.

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

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Information:

Media only:
Sylvain Théberge: 514-940-2176

Information Centre:
Québec City: 418-525-0337
Montréal: 514-95-0337
Toll-free: 1-877-525-0337
Twitter: @lautorite This link will open in a new window
LinkedIn: Autorité des marchés financiers (Québec) This link will open in a new window

Additional news

• July 2, 2019 Charlito Hael fined a total of $136,600
• May 5, 2017 Suspension of Charlito Hael’s certificates and message to clients