Insurance

Montréal - On June 16, 2015, at the courthouse in St-Jérôme, Justice of the Peace Jean-Georges Laliberté found Nathalie Beckers guilty on the five counts brought against her under An Act respecting the distribution of financial products and services.

Nathalie Beckers, a former representative in insurance of persons, was accused of making misrepresentations to her client's mandatary, pursuing illegal activities as a representative in insurance of persons while being temporarily struck off the roll by the CSF and, on three occasions, contravening the trading instructions of her client or her mandataries. It should be noted that Ms. Beckers' client was a vulnerable, elderly person at the time the offences were committed.

On account of the victim's vulnerability, the breach of trust, the fact that the defendant was a former registrant and the fact that evidence pointed to the misappropriation of funds in the matter, the judge ordered Nathalie Beckers to pay triple the minimum fine on the counts for misinformation and illegal practice, and double the minimum fine on the counts for contravening trading instructions of a client or her mandataries, for fines totalling $300,608. The family lost an estimated $257,819, of which $69,902 was covered by the charges.

Trust must be earned!

The AMF provides various tools to persons seeking assistance with managing their affairs or planning to entrust someone with the management of their assets.

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

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