Decisions and Freeze and cease trade orders Securities

Montréal - On February 15, 2016, at the request of the Autorité des marchés financiers (the "AMF"), the Bureau de décision et de révision (the "Bureau") issued ex parte orders against Fonds d'investissement des Congolais Expatriés inc. (FIDCE), Philippe Filit Walesa and Rombault Gutagenesa Mukishi to end their illegal solicitation activities conducted mainly on social media.

More specifically, the Bureau prohibited them from trading in securities and acting as securities advisors and also ordered specific measures to ensure compliance with the law, including the removal of a website, videos, promotional clips and Facebook profiles.

Based on the evidence presented by the AMF, the respondents are alleged to have illegally solicited investors without being registered with the AMF in any capacity whatsoever. In addition, none of the respondents filed a prospectus with the AMF or benefited from a prospectus exemption.

The AMF's investigation showed that the respondents were using a method of solicitation designed to target the Congolese community in particular. The respondents also falsely confirmed that the proposed investments were guaranteed by the Government of Canada.

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

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