Carrefour - Orders issued in December 2009 partially maintained

Decisions and Freeze and cease trade orders Securities

Montréal - The publication of this press release constitutes the method of service authorized by the Bureau de décision et de révision (the Bureau) of a decision issued on June 27, 2011 related to the matter of Carrefour in respect of the following respondents: 9179-5252 Québec inc., Air Bermuda inc. and Robert Savoie.

Consult the decision no. 2009-041-011 (in French only) (pdf - 879 KB)This link will open in a new windowUpdated on July 4, 2011

On June 27, 2011, the Bureau issued a decision that maintained the cease trade order, the order to cease acting as an adviser, the freeze order and an order for steps to be taken to ensure compliance with the law issued on December 7, 2009 against Normand Bouchard, Richard Tremblay, Claude Valade, René Viau and Fonds de placement Nor-West, all of whom had disputed the orders.

However, the Bureau lifted the cease trade and freeze orders issued against Michel Larocque.

The cease trade and freeze orders and the order for steps to ensure compliance with the law issued by the Bureau therefore remain in effect for all the respondents covered by the decision issued on December 7, 2009, other than for Michel Larocque.

The Bureau's initial decision in this matter covered the following companies and individuals: Normand Bouchard, Respondent Normand Bouchard should not be confused with Normand Bouchard of Bouchard, Gratton, Beaudoin et Associés inc. and Desjardins Financial Security Investments Inc. in Brossard, holder of certificate No. 104 223, or Normen Bouchard of Services financiers Normen Bouchard inc. in Québec City, holder of certificate No. 104 225, who are not affected by the decision. Mario Dumais, Luis Gonzales, Tri Minh Huynh, Michel Larocque, Mario Paquin, Respondent Mario Paquin should not be confused with Mario Paquin of Aon Parizeau inc. in Sherbrooke, holder of certificate No. 125 829, who is not affected by the decision. Gérald Parkin, Gia Tuong Quan, Thinh Tuong Quan (also known as Jacky Quan), Robert Savoie, Bartelomeo Torino, Richard Tremblay, Claude Valade, Respondent Claude Valade should not be confused with Claude Valade of Primerica Financial Services Ltd. and PFSL Investments Canada Ltd. in Blainville, holder of certificate no. 162 214, who is not affected by the decision. René Viau, Claude Adam, Serge Belval, Aquamondial inc., 9179-5252 Québec inc., 9137-1534 Québec inc., 9201-7144 Québec inc., operating under the name Bio-Quan Life Sciences, 9175-9704 Québec inc., operating under the name Investissement Max, Air Bermuda inc. and Fonds de placement Nor-West.

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

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