Decisions and Freeze and cease trade orders
Montréal, March 14, 2017 – The publication of this news release constitutes the special method of service authorized by the Tribunal administratif des marchés financiers (the “Tribunal”) of a notice of presentation related to the matter of Schneider Nicolas.
On April 6, 2017, the Autorité des marchés financiers (the “AMF”) will ask the Tribunal to issue orders against Schneider Nicolas and Gerson Paul to cease trading in securities, cease pursuing activities as a securities adviser and withdraw their ads. The AMF will also request that administrative penalties be imposed on these two individuals under sections 93 and 94 of An Act respecting the Autorité des marchés financiers and sections 265, 266 and 273.1 of the Securities Act.
The hearing will be held on April 6, 2017 starting at 2:00 p.m. in the Paul-Fortugno room located at 500 René-Lévesque Boulevard West, No. 16.40 in Montréal, Québec.
The Autorité des marchés financiers (the “AMF”) is the regulatory and oversight body for Québec’s financial sector.
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Sylvain Théberge: 514-940-2176
Québec City: 418-525-0337