Illegal practice and distribution without a prospectusAMF launches penal proceedings against Carol Voyer, Gilles Tremblay and Granite Sélect
Montréal - The Autorité des marchés financiers (the "AMF") has launched penal proceedings in the judicial district of Québec City against Carol Voyer, Gilles Tremblay1 and Granite Sélect inc. (Granite Sélect) involving 23 charges related to illegal distributions.
More specifically, Carol Voyer is charged with ten counts: five for aiding with a distribution without a prospectus and five for illegal practice as a securities dealer. Gilles Tremblay is charged with six counts for aiding with a distribution without a prospectus and one count for illegal practice as a securities dealer. Granite Sélect is charged with six counts of making a distribution without a prospectus.
In 2015 Mr. Voyer was fined a total of almost $1 million relating to two penal proceedings.
In 2014 the Chambre de la sécurité financière ordered his registration to be cancelled This link will open in a new window for ten years and in 2012 the Investment Industry Regulatory Organization of Canada (IIROC) fined him $40,000 and suspended his right to practise as a dealer representative for two years.
The Autorité des marchés financiers (the "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
Twitter: @lautorite This link will open in a new window