Decisions and Freeze and cease trade orders Securities

Montréal – Jean-Jacques Dardy was found guilty on June 1, 2007 of 28 charges brought against him by the Autorité des marchés financiers (AMF) on January 17, 2005. Judge Jean-Pierre Boyer of the Court of Québec (Criminal and Penal Division), district of Montréal, ordered Mr. Dardy to pay a fine totalling $84,000, without costs, in respect of the 28 charges.

Mr. Dardy was found guilty of 28 charges for violating the Securities Act, R.S.Q. c. V-1.1 1 (the “Act”) by:

  • assisting, by act or omission, Les Investissements Cadec Inc. with the distribution of an investment contract without holding a prospectus approved by the Commission des valeurs mobilières, thereby violating sections 11, 202 and 208 of the Act (14 charges);
  • pursuing activities as a securities dealer without being registered as such with the Commission des valeurs mobilières, thereby violating sections 148 and 202 of the Act (14 charges).

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

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