March 28, 2014

Montréal - The Autorité des marchés financiers ("AMF") has launched penal proceedings against Patrick Massé¹ and Dave Tremblay² and has filed five counts of illegal practice as a securities dealer and distribution without a prospectus. If they are found guilty on all counts, the defendants will be liable to a minimum fine of $17,000.

The AMF investigation revealed that these individuals carried out loans with investors while promising monthly returns of 5%. At least two investors lost a total of $80,000.

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

- 30 -

Information:

Media only:
Sylvain Théberge: 514-940-2176

Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337
www.lautorite.qc.ca
Twitter: @lautorite This link will open in a new window

¹The respondent Patrick Massé should not be confused with insurance of persons representative and dealing representative (mutual fund dealer) Patrick Massé, who holds certificate No. 158 072.
² The respondent Dave Tremblay should not be confused with dealing representative (mutual fund dealer) Dave Verret-Tremblay, NRD 2778521.