Decisions and Freeze and cease trade orders Securities
Montréal – Mr. Justice Richard Wagner of the Superior Court (Criminal and Penal Division) has dismissed the appeal filed by Jean-Pierre Nadeau. Mr. Nadeau was appealing a decision handed down on May 31, 2006 by Madam Justice Raymonde Verreault of the Court of Québec (Criminal and Penal Division), in the district of Montréal, whereby
Mr. Nadeau was found guilty on three counts and ordered to pay a fine in the amount of $11,000, plus costs. Mr. Nadeau faced charges for violating the Securities Act, R.S.Q., c. V-1.1 (the “Act”) by:
- assisting, through an act or omission, Club d’investissement HT 103 and Club d’investissement HT 105 with the distribution of a form of investment governed by the Act, without having a prospectus approved by the Commission des valeurs mobilières du Québec, thereby violating section 11, with reference to section 208 of the Act (2 counts);
- carrying on activities as a securities dealer without being registered as such with the Commission des valeurs mobilières du Québec, thereby violating section 148 of the Act (1 count).
The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.
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Frédéric Alberro (514) 940-2176
Issuers, dealers, advisers and representatives: (877) 525-0337, choose option 9 for English, then 1 for industry
Consumers and investors: (877) 525-0337, choose option 9 for English, then 8 for consumers