Montréal, May 16, 2011 - On May 6, 2011, at the request of the Autorité des marchés financiers (the "AMF"), the Bureau de décision et de révision (the Bureau) suspended the rights granted by registration to Pierre-Louis Péloquin and Mandataire P.L.P. inc. and ordered the respondents to cease trading in the brokerage accounts for which they hold power of attorney.

The Bureau concluded that Pierre-Louis Péloquin and Mandataire P.L.P. inc. do not meet some of the minimum standards required of persons registered under the Securities Act. More specifically, the AMF identified certain deficiencies with respect to the required working capital calculation, capital and insurance requirements, the qualifications necessary to act as chief compliance officer and the failure to submit various documents to the AMF. The Bureau also considered the U.S.$60 million in assets under management, which are not covered by a management agreement, and the personal powers of attorney authorizing Pierre-Louis Péloquin to trade in his clients' accounts.

In its decision, the Bureau stated that it did not question Mr. Péloquin's good faith, but the current situation poses far too great a risk to clients. Consequently, the Bureau is forced to intervene on an interim basis.

As a conservatory measure, the Bureau issued the orders requested by the AMF to suspend the rights granted by registration to Pierre-Louis Péloquin as chief compliance officer and ultimate designated person of Mandataire P.L.P. inc. and the rights granted by registration to Mandataire P.L.P. inc. as a portfolio manager. Finally, the Bureau ordered Pierre-Louis Péloquin and Mandataire P.L.P. inc. to cease trading in the brokerage accounts for which they hold power of attorney.

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

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