Insurance Decisions and Freeze and cease trade orders

Montréal - At the request of the Autorité des marchés financiers ("AMF"), the Bureau de décision et de révision ("Bureau") recently issued a decision to freeze the bank accounts and the assets of Nathalie Beckers, a former insurance of persons representative in the Lower Laurentian Mountains region based on allegations of misappropriation of funds, illegal practice and forgery.

According to the information obtained by the AMF, it appears that Nathalie Beckers misappropriated funds belonging to a 92-year old client. As well, it is alleged that she acted illegally as a representative even though her certificate in insurance of persons and group insurance of persons was temporarily struck off the roll further to a decision (in French only) by the Chambre de la sécurité financière This link will open in a new window. In addition, she forwarded a forged statement to the daughter of the client following repeated requests.

In its decision, the Bureau stated: [translation] "there is good reason to issue freeze orders such as those requested in view of the allegations of misappropriation of client funds and forgery, for the purpose of ensuring the protection of clients. The client's funds transited through various bank accounts (...). It is therefore advisable to apply freeze orders on these accounts and issue a blanket freeze order to ensure that other assets that have not yet been identified by investigators are not misappropriated (...)."

Under the Bureau's decision, the AMF is authorized to seize the files, books and registers of the firm as a necessary measure to ensure compliance with the law and protection of other clients and to determine whether other clients have been defrauded.

Message to clients of Natalie Beckers, services financiers inc.
The AMF invites clients of the firm Natalie Beckers services financiers inc. to contact their insurance company directly for any questions regarding their policies.

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

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