Decisions and Freeze and cease trade orders
Montréal - On July 11, 2014, at the request of the Autorité des marchés financiers ("AMF"), the Bureau de décision et de révision (the "Bureau") issued orders ex parte to cease any activity in respect of a transaction in securities and to cease acting as an adviser as well as blanket freeze orders against Jean-Patrice Nadeau1 and the three companies controlled by him, namely, 9206-2629 Québec inc., 9296-1465 Québec inc. and 9254-5011 Québec inc.
To date, the AMF investigation revealed that Jean-Patrice Nadeau, also known as Patrice Nadeau, contacted, personally or through his companies, at least two investors to urge them to entrust him with over $1.2M for the purpose of making distributions that were not authorized by the AMF, and did so without being registered with the AMF as a securities adviser or dealer.
Based on the information gathered as part of the investigation, it appears that Jean-Patrice Nadeau lied to the two investors about the nature of their investments. He prepared fake contracts, including forged signatures, and even prepared a fake letter as confirmation of a non-existent distribution.
The AMF is pursuing its investigation into the activities of Jean-Patrice Nadeau.
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
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1 The respondent Jean-Patrice Nadeau should not be confused with Patrice Nadeau, an independent representative in insurance of persons (certificate No. 124 830), who is not involved in the present decision.