July 20, 2015 Decisions and Freeze and cease trade orders Securities

Montréal - On May 28, 2015, the Bureau de décision et de révision (the "Bureau") allowed the ex parte freeze and cease trade applications against David Tran, Jacques Paquin and Logiciels HFT Quants inc. ("HFT"). David Tran, Jacques Paquin and HFT allegedly engaged in activities covered under the Securities Act (the "Act") without being registered with the Autorité des marchés financiers ("AMF").

The Bureau allowed the freeze applications, which pertain to the funds, securities and other assets of David Tran, Jacques Paquin and HFT and their bank accounts, in particular those held at the Caisse Desjardins in Lévis.

The Bureau also prohibited David Tran, Jacques Paquin and HFT from engaging in any activity, directly or indirectly, in respect of a transaction in securities. Lastly, the Bureau ordered the removal of any publication or solicitation similar to those posted on the Kijiji website or that they issued or distributed via the Internet or otherwise.

The AMF investigation revealed that David Tran, Jacques Paquin and HFT had solicited the public, primarily through the Internet, to invest in HFT, in violation of the Act. They also misappropriated investors' funds obtained further to their illegal solicitation.

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

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Information:

Media only:
Cathy Beauséjour: 514-395-0337

Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337
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Additional news

• May 4, 2017 Matter of Tran et al. (2015-014-010) - Service of decision by the Tribunal administratif des marchés financiers
• April 10, 2017 Matter of Tran et al. - Service of notice of presentation
• February 7, 2017 AMF files charges against David Tran, Steven Dubois and Logiciels HFT Quants Inc.
• December 20, 2016 Matter of Tran et al. - Service of decision by the Tribunal administratif des marchés financiers
• November 25, 2016 Matter of Tran et al. - Service of notice of presentation
• September 13, 2016 Service of Decision by Tribunal Administratif des Marchés Financiers
• August 11, 2016 Matter of Tran et al. - Service of notice of presentation
• May 13, 2016 Service of Decision by Bureau - David Tran and Logiciels HFT Quants inc.
• May 11, 2016 Matter of Tran et al. - Service of notice of presentation
• January 14, 2016 Service of Bureau Decision - David Tran and Logiciels HFT Quants inc.
• December 7, 2015 Matter of Tran et al. - Service of notice of presentation
• September 21, 2015 Service of Bureau Decision in respect of David Tran and Logiciels HFT Quants inc.
• August 21, 2015 Matter of Tran et al. - Service of notice of presentation