Louise DeMontigny pleads guilty

Decisions and Freeze and cease trade orders Insurance

Montréal – Before Judge Carole Bousquet of the Court of Québec (Criminal and Penal Division), district of Montréal, Louise DeMontigny pleaded guilty on January 29, 2009 to 7 charges brought against her by the Autorité des marchés financiers (AMF).

Louise DeMontigny pleaded guilty to:

  • acting as a representative in group insurance of persons without holding an appropriate certificate issued by the AMF, thereby violating section 12 of the Act respecting the distribution of financial products and services (the "Act") and committing an offence under section 461 of the Act.

She was ordered to pay a fine in the amount of $3,500, plus costs.

In September 2008, Judge Jean-Georges Laliberté of the Court of Québec (Criminal and Penal Division), district of Joliette, imposed a fine of $500 on Louise DeMontigny, who was found guilty of a similar offence.

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

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