Illegal Insider Trading Allegations - AMF launches insider trading proceedings against Jacques Gauthier
Montréal - The Autorité des marchés financiers (the "AMF") announces that it has filed proceedings before the Bureau de décision et de révision (the "Bureau") which include allegations of trading in the securities of AAER based on privileged information that was not generally known. The AMF is seeking a $12,000 penalty against Jacques Gauthier1.
This matter involves a call for tenders regarding wind power launched by Hydro-Québec in 2005. Mr. Gauthier allegedly sold his shares of AAER using privileged information that was not generally known, namely, that AAER was not a successful bidder in the call for tenders.
The Autorité des marchés financiers (the AMF) is the regulatory and oversight body for Québec's financial sector.
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Sylvain Théberge: 514-940-2176
Québec City: 418-525-0337
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¹The respondent Jacques Gauthier should not be confused with the claims adjuster Jacques Gauthier, whose certificate number is 114017, or the dealing representative and derivatives representative Jacques Gauthier, whose certificate number is 1625801.