Montréal - In a decision handed down on September 16, 2015, Judge Jerry Zygman of Québec Superior Court allowed, with the consent of the Autorité des marchés financiers ("AMF"), the appeal filed by Guy Martineau and ruled that he was acquitted of the six charges of which he had been found guilty at trial. Following an analysis of the evidence submitted at trial, the AMF recognized that Guy Martineau, a director of Groupe financier Monexia inc. at the time of the facts at issue, had a valid defense that had not be presented at trial but would have resulted in his acquittal.
The AMF alleged that Guy Martineau pursued illegal activities as a dealer on three occasions and distributed a form of investment without a prospectus on three occasions. He had been ordered to pay fines totalling over $29,000.
The Autorité des marchés financiers (the AMF) is the regulatory and oversight body for Québec's financial sector.
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