Securities Decisions and Freeze and cease trade orders

Montréal – On December 8, 2016, at the request of the Autorité des marchés financiers (the “AMF”), the Tribunal des marchés financiers (the “Tribunal”) issued an interim decision (pdf - 253 KB)This link will open in a new windowUpdated on 15 December 2016 (in French only) against dealer Beaudoin, Rigolt & associés inc. (Beaudoin Rigolt) and representatives acting on its behalf.

In its decision, the Tribunal prohibited Beaudoin Rigolt from hiring any new representatives, soliciting new clients, opening any new client accounts and offering its current clients new leveraged loans through representatives acting on its behalf.

The Tribunal also prohibited Beaudoin Rigolt’s registered representatives from carrying out any transaction whatsoever in the dealer’s client accounts without the prior written approval of a registrant approved in advance by the AMF, except to allow clients to transfer their assets to another dealer or to redeem their funds, solely for exit purposes.

Moreover, the Tribunal ordered Beaudoin Rigolt to inform all representatives acting on its behalf of this decision by sending them a written notice within five business days of the decision.

The decision will remain in force until the Tribunal issues its final decision in this matter.

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

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