Montréal - On September 25, 2015, the Bureau de décision et de révision (the "Bureau") approved an agreement between the Autorité des marchés financiers ("AMF") and Jean-Pierre Lavallée.The respondent Jean-Pierre Lavallée should not be confused with Jean-Pierre Lavallée who holds certificate No. 119 907 in damage insurance and is attached to the firm Assurances Lavallée & Associés Ltée. Under the agreement, Jean-Pierre Lavallée agreed to pay an administrative penalty of $5,000 for communicating, as an insider at Advanced Fiber Technologies (AFT) Income Fund, privileged information to an employee who subsequently carried out a transaction in the securities of the issuer.

The Bureau previously concluded that Jean-Pierre Lavallée had forwarded, by negligence, the privileged information, namely, that the AFT Fund had received a purchase offer from a Japanese company. The respondent took note of the conclusion and acknowledged responsibility. It should be mentioned that Jean-Pierre Lavallée did not derive any profit from this matter and provided the AMF with full co-operation.

In spring 2015, Renée Roy, who traded in the securities of the AFT Fund using privileged information forwarded by Jean-Pierre Lavallée, was ordered to pay an administrative penalty of $60,000.

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

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