Late Insider Trading Reports - Jacques Trottier fined $39,000

Decisions and Freeze and cease trade orders Securities

Montréal – In a decision handed down on May 27, 2009, Presiding Justice of the Peace Marie-Josée Hénault of the Court of Québec (Criminal and Penal Division), district of Longueuil, ordered Jacques Trottier to pay a fine totalling $39,000 further to a penal proceeding launched by the Autorité des marchés financiers (AMF) in April 2008.

Jacques Trottier pleaded guilty to 30 counts filed against him by the AMF for:

  • failing to disclose, within the prescribed 10-day period, a change in his control over the securities of Exploration Sulliden Inc., a reporting issuer of which he is an insider, thereby violating section 97 of the Securities Act, with reference to section 174 of the Securities Regulation.

Insiders are required to report, within 10 days of the event, any change in their control of the securities of a reporting issuer via the System for Electronic Disclosure by Insiders (SEDI) at This link will open in a new window, thereby giving all investors access to the information within a reasonable time period.

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

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