Illegal practice and illegal distributions: Georges Dufour pleads guilty

On March 14, 2014, Judge Lynne Landry of the Court of Québec, district of Gatineau, approved an agreement entered into by the parties whereby Georges Dufour pleaded guilty to the charges brought against him by the AMF. Judge Landry imposed the penalty as recommended by the parties, namely, an overall fine of $29,000.

Specifically, Georges Dufour pleaded guilty to two counts of pursuing illegal activities as a securities dealer and two counts of aiding with distributions without a prospectus.

This matter follows measures taken by the AMF cyber-surveillance team that had identified a website connected with investment activities pertaining to the shares of SaveStove Corporation (SSC), First Home Safety Corp. (FHSC) and GJD Holding Corp. (GJD) carried out by Georges Dufour.

The AMF is the regulatory and oversight body for Québec's financial sector.