July 23, 2012 Securities Decisions and Freeze and cease trade orders

Montréal - The publication of this news release constitutes the method of service authorized by the Bureau de décision et de révision for Decision 2011-016-002 (pdf - 4 MB)This link will open in a new windowUpdated on August 9, 2012Décision related to François Michaud, Righthedge Inc. and Wealth Building Venture Inc.

On June 28, 2012, at the request of the Autorité des marchés financiers (AMF), the Bureau issued an order prohibiting any activity, directly, indirectly or via the Internet, in respect of an activity as an adviser or a transaction in securities against François Michaud, Righthedge Inc. and Wealth Building Venture Inc. The Bureau's order also denied them the benefit of any exemptions under the Securities Act.

On May 11, 2011, François Michaud and Righthedge Inc. were also the subject of sanctions imposed by the Alberta Securities Commission for pursuing illegal practice as a securities dealer and illegal distributions.

However, the Bureau dismissed the application for a reciprocal order against The Hear Now Inc. as well as the application for a cease-trade order against Allan Parent.

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

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