NewTech - Marcel Pontbriand sued for $240,000


Montréal – The Autorité des marchés financiers (the "AMF") is launching penal proceedings against Marcel Pontbriand and Marjolaine Charpentier in the Court of Québec, district of Saint-Hyacinthe, and is seeking fines in the amount of $246,000 for violations under the Securities Act.

The AMF alleges that Marcel Pontbriand aided 4291034 Canada inc. and Fiducie S.A.M. Pontbriand with illegal distributions without a prospectus (7 counts). As well, he is accused of illegally pursuing activities as a securities dealer (6 counts). The AMF also alleges that he told investors that the securities of NewTech Group International would be listed on an exchange, thereby violating the Act on 11 occasions. In all, the AMF laid 24 charges against him and is seeking $240,000 in fines, which is five times the minimum amounts prescribed under the Act.

In addition, the AMF has launched a suit against Marjolaine Charpentier, who is charged with illegally acting as a securities dealer in the matter. The AMF is seeking a fine in the amount of $6,000.

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

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