Decisions and Freeze and cease trade orders Insurance

Montréal – On November 28, 2007, Jean-François Grignon was found guilty on four counts brought against him on March 26, 2007 by the Autorité des marchés financiers (the “AMF”). Mr. Justice Gaby Dumas of the Court of Québec (Criminal and Penal Division), district of Terrebonne, ordered Mr. Grignon to pay a fine of $4,000, plus costs, which is double the minimum penalty.

Jean-François Grignon was found guilty of violating the Act respecting the distribution of financial products and services, R.S.Q., c. D-9.2 (the “Act”):

  • by acting as a group savings plan representative without being registered as such with the AMF, thereby violating section 12 of the Act.

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

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