Illegal Practices and Distributions - Bertrand Lussier fined a total of $121,000

Decisions and Freeze and cease trade orders Securities

Montréal - On November 28, 2011, Judge Marie-Josée Hénault, Justice of the Peace of the Court of Québec, district of Longueuil, ordered Bertrand Lussier to pay fines totalling $121,000.

In January 2011, Bertrand Lussier pleaded guilty to 23 charges brought against him by the Autorité des marchés financiers(the AMF). The AMF accused Bertrand Lussier of, between 2000 and 2005, acting illegally as a securities dealer (11 counts), aiding Millennia Hope Inc. and Global City Securities Inc. with making illegal distributions (11 counts) and making misrepresentations in a document filed with the AMF (1 count).

In her decision against Bertrand Lussier, who felt that the sanction sought by the AMF was disproportionate, Judge Hénault stated [Translation]: Despite his guilty plea, the defendant does not appear to have comprehended the extent of his liability regarding the alleged offences. He seems to minimize his involvement in both the offences to which he pleaded guilty before this Court and those to which he pleaded guilty in December 1991. This raises concerns about the possibility of recurrence.

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

- 30 -


Media only:
Sylvain Théberge: 514-940-2176

Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337

Additional news