Illegal Practice and Distributions - Martin Tremblay fined a total of $48,000

Decisions and Freeze and cease trade orders Securities

Montréal - On October 29, 2010, justice of the peace magistrate Gilles Michaud of the Court of Québec, district of Montréal, found Martin Tremblay Respondent Martin Tremblay should not be confused with Martin Tremblay who is attached to Desjardins Financial Services Firm in Port Alfred and holds certificate No. 133 064, or with Martin Tremblay attached to Desjardins Financial Services Firm in La Malbaie and holds certificate No. 185 952, or with Martin Tremblay who is attached to Industrial Alliance Insurance and Financial Services Inc. in Québec City and holds certificate No. NRD 1693671 who are not covered by this decision. guilty of illegal practice and distributions and imposed fines totalling $48,000.

Martin Tremblay was found guilty on eight counts brought against him by the Autorité des marchés financiers (the "AMF") under the Securities Act. More specifically, he was found guilty on four counts of illegal activity as a securities dealer and four counts of illegal distributions without a prospectus approved by the AMF.

The fines imposed are double the minimum fine set out in the Act. The AMF sought this sentence in consideration of investor losses, breach of trust and the fact that the offences were committed by a financial market professional, given that Martin Tremblay held a certificate as a representative in insurance of persons, group insurance of persons and group savings plans between March 2002 and August 2008.

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

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