Montréal - On May 23, 2012, before Justice of the Peace Gilles Michaud of the Court of Québec, district of Montréal, Louis-Philippe Séguin pleaded guilty to an amended charge filed by the Autorité des marchés financiers (the AMF) and agreed to pay a $5,000 fine, or five times the minimum fine under the Securities Act.

The AMF claimed that Louis-Philippe Séguin hindered the work of a person conducting an inquiry during an investigation involving The Kenneth W. Salomon Investments Fund Ltd. by misrepresenting to the investigator that he was unaware of the identity of the beneficial owners of the firm's accounts.

In 2008, Louis-Philippe Séguin was ordered to pay a $15,000 fine (pdf - 32 KB)This link will open in a new window for trading in the securities of a registered firm while holding privileged information about it.

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

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