Montréal - On March 25, 2015, Judge Christine Auger of the Court of Québec for the district of Gatineau fined Marc Jémus a total of $240,000, representing three times the minimum fine under the Securities Act. Mr. Jémus was previously found guilty of 28 offences related to illegal distributions and illegal practice as a securities dealer.
Judge Auger held that Marc Jémus had set up an RRSP rollover scheme through two firms in order to invest in real estate. With his two accomplices, François RoyThe respondent François Roy should not be confused with François Roy (certificate 129 746), who is registered as a dealing representative (investment dealer) and as a derivatives representative attached to RBC Dominion Securities Inc., who solicited investors, and Robert Primeau, who explained the real estate investment to them, the threesome formed a so-called "power team." A total of 16 investors invested nearly $300,000 with these three individuals.
On March 31, 2014, François Roy and Robert Primeau pleaded guilty and were fined a total of $92,400 and $76,200 respectively.
The Autorité des marchés financiers (the "AMF") is the regulatory and oversight body for Québec's financial sector.
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