Montréal – The Autorité des marchés financiers (AMF) is launching penal proceedings against Robert Jones before the Court of Québec (Criminal and Penal Division), district of Montréal, for failing to report, within ten days of the event, the changes in his control over the securities of a reporting issuer in respect of which he is an insider, namely Rolland Virtual Business Systems Ltd.
Mr. Jones faces five counts for violation of section 97 of the Securities Act of Québec, with reference to section 174 of the Securities Regulation. If found guilty, he is liable to a fine of $2,000 on each count.
Insiders are required to report, within ten days of the event, any change in their control of the securities of a reporting issuer via the System for Electronic Disclosure by Insiders (SEDI) at www.sedi.ca This link will open in a new window, thereby giving all investors access to the information within a reasonable time period.
The Autorité des marchés financiers is the regulatory and oversight body for Québec’s financial sector.
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Philippe Roy (514) 940-2176
Issuers, dealers, advisers and representatives: (877) 525-0337, dial 9 for English, then dial 1 for industry
Consumers and investors: (877) 525-0337, dial 9 for English, then dial 2 for consumers