MD Multimédia - Pierre Couture fined $6,000

Decisions and Freeze and cease trade orders Securities

Montréal – On April 19, 2010, Judge Rémi Bouchard of the Court of Québec, district of Québec City, found Pierre Couture guilty of violations of the Securities Act and imposed fines totalling $6,000.

Pierre Couture was found guilty of two violations of the Act in November 2007, namely, acting illegally as a securities dealer and making a distribution without a prospectus. Judge Bouchard imposed the minimum fines set out in the Act of $1,000 for illegal practice and $5,000 for illegal distribution.

Claude Yvon Provost, who was also charged with two offences in this suit, was acquitted.

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

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