Illegal Distribution and Illegal Practice as a Dealer - Laurent Beaudoin pleads guilty to 33 charges


Montréal - On November 18, 2013, before the Honourable Johanne Roy of the Court of Québec, district of Québec, Laurent Beaudoin¹ pleaded guilty to 33 charges under the Securities Act.

More specifically, Laurent Beaudoin pleaded guilty to 13 counts for aiding, by act or omission, Groupe Placirent inc. and Gestion L. Beaudoin to make a distribution without a prospectus, 11 counts for acting illegally as a securities dealer, five counts for aiding, by act or omission, Groupe Beaudoin Fournier et Roy inc. to act as a securities adviser without being registered as such and four counts for declaring that the securities of Groupe Placirent inc. would be listed on a stock exchange without the prior consent of the Autorité des marchés financiers (the AMF). Justice Roy therefore fined him a total of $255,000, three times the minimum penalty under the law.

In June 2013, Laurent Beaudoin was fined $10,000 in another matter after being convicted of one charge brought against him by the AMF in connection with the illegal distribution of a product related to Gestion Nali inc.

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

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¹ Not to be confused with Laurent Beaudoin, Chairman of the Board of Directors of Bombardier Inc.