November 29, 2019 Securities Service of hearing notices

Montréal – The Autorité des marchés financiers (the “AMF”) informs Québec investors that it is preparing to ask the Financial Markets Administrative Tribunal (the “Tribunal”) to lift the freeze orders it issued on December 15, 2015 against Kamran Shahid and Imran Shahid.

The AMF will also request that the TMF order that the frozen funds be disgorged to it. Consequently, the AMF invites investors who may have a claim against Kamran Shahid or Imran Shahid to attend the hearing in order to assert their claims.

The pro forma hearing will be held on December 19, 2019 in the Paul Fortugno room, located at 500 René-Lévesque Boulevard West, Suite 16.40, Montréal, Québec.

Kamran Shahid and Imran Shahid were fined a total of $345,000 on May 2, 2019 in connection with a penal proceeding instituted by the AMF.

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

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Information :

Journalistes seulement :
Sylvain Théberge : 514 940-2176

Centre d'information :
Québec : 418 525-0337
Montréal : 514 395-0337
Autres régions : 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

• May 22, 2019 Kamran Shahid and Imran Shahid fined a total of $345,000
• February 12, 2018 AMF prosecutes Kamran Shahid, Imran Shahid and 9322-5746 Québec inc.
• January 20, 2017 Extension of freeze and cease trade orders against Imran Shahid and Kamran Shahid
• December 16, 2015 Freeze and cease trade orders against Imran Shahid and Kamran Shahid