Illegal practice as a dealer - Irène Hornez and Luc Chartrand guilty


Montréal - On June 19, 2013, before the Court of Québec, Irène Hornez and Luc Chartrand pleaded guilty to charges of illegally acting as a securities dealer (one charge against each) and for making a distribution without a prospectus (one charge against each).

The offences date back to the early 2000s. Luc Chartrand and Irène Hornez operated an investment club known as CHIL. They encouraged 23 investors to purchase options. Most of them lost their investment in the matter.

Irène Hornez and Luc Chartrand were each fined $12,000. The AMF had withdrawn a third charge brought against Luc Chartrand for making a misrepresentation

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

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