Clarification regarding AMF news release


Montréal – The Autorité des marchés financiers (AMF) is issuing a clarification to the December 9, 2009 news release regarding a potential scheme to manipulate securities and empty out self-directed RRSP accounts.

In the news release, Fonds de placement Nor-West was identified as one of the firms covered by the cease trade orders.

This fund should not be confused with Placements NordOuest & Éthiques (Northwest & Ethical Investments), which is owned 50% by the Provincial Credit Union Centrals and 50% by Desjardins Group and is in no way related to Fonds de placement Nor-West.

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

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