Decisions and Freeze and cease trade orders Securities
Montréal – In a decision rendered on May 11, 2005, Judge Jean B. Falardeau of the Court of Québec (Criminal and Penal Division), judicial district of Montréal, declared Michel Maheux to be guilty on all 74 counts brought against him by the Autorité de marchés financiers (AMF).
Mr. Maheux was accused of violating the Québec Securities Act by assisting, by act or omission:
- the Coopérative de producteurs de bois précieux Québec Forestales with contravening a decision issued by the Commission des valeurs mobilières du Québec;
- the Coopérative de producteurs de bois précieux Québec Forestales with making a misrepresentation regarding a securities transaction by incorrectly stating, during the distribution of the cooperative’s preferred shares, that the shares were eligible for the Cooperative Investment Plan.
Mr. Maheux was ordered to pay a total fine in the amount of $222,000, plus costs.
The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.
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Philippe Roy (514) 940-2176
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- Two penal proceedings instituted against Michel Maheux
- Autorité des marchés finanicers obtains interlocutory injuction in the matter of coopérative de producteurs de bois précieux Québec Forestales and Michel Maheux
- Prison term for Michel Maheux
- Michel Maheux again found guilty
- AMF obtains permanent injunction
- Maheux's Superior Court appeal dismissed
- Michel Maheux guilty of contempt of court
- Michel Maheux sentenced to 21 days in prison
- Third prison term against Michel Maheux for contempt of court
- Michel Maheux given fourth prison term for contempt of court