Montréal - On January 16, 2014, Judge Serge Cimon of the Court of Québec found Daniel Boivin1 guilty on seven counts of aiding with a distribution without a prospectus and seven counts of illegal activity as a dealer. On February 14, 2014, he ordered him to pay a fine in the amount of $100,000.
Daniel Boivin distributed shares of Compensation vie d'Amérique to three investors for a total value of $49,000.
In October 2012, Daniel Boivin was fined $10,000 in another matter involving illegal distributions. As well, in October 2003, he was struck off the roll for a period of 10 years by the Québec Commission des valeurs mobilières.
The Autorité des marchés financiers ("AMF") is the regulatory and oversight body for Québec's financial sector.
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1 The respondent Daniel Boivin should not be confused with the damage insurance representative Daniel Boivin attached to Promutuel in Rigaud, holder of certificate 103 820, nor with dealing representative (mutual fund dealer) Daniel Boivin attached to CIBC Securities Inc. in Chibougamau, NRD 2812411, who are not covered by the present decision.