Decisions and Freeze and cease trade orders
Montréal - The publication of this press release constitutes the method of service authorized by the Tribunal administratif des marchés financiers (the "Tribunal") of a decision related to the matter of Daniel L'Heureux1 et al. with respect to the heirs of Claude Lemay2 and the directors of Claude Lemay Consultant inc. Claude Lemay, who is deceased, might have taken part in setting up a structure whereby parties could in particular breach freeze and prohibition orders against Daniel L'Heureux and his companies.
On July 28, 2016, the Tribunal extended for another 120 days the freeze order initially issued on August 4, 2011 and another freeze order initially issued on November 16, 2012 in the matter of Daniel L'Heureux et al. This freeze order extension pertains to the following entities and individuals: Daniel L'Heureux, 9248-8543 Québec inc., Nosfinances.com inc., Claude Lemay, Claude Lemay Consultant inc., Caisse Desjardins du Grand-Coteau, Caisse Populaire d'Hochelaga-Maisonneuve, Bank of Montreal and National Bank of Canada.
The Tribunal also partially lifted the freeze order against certain assets to enable the Autorité des marchés financiers ("AMF") to conduct a sale of the assets through a third party and distribute the proceeds to investors defrauded by the respondents.
The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec's financial sector.
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1 The respondent Daniel L'Heureux should not be confused with Daniel L'Heureux who holds certificate 165224 in insurance of persons and group insurance of persons and is attached to the firm Daniel L'Heureux - Fiscalité et services financiers inc. and registered as a mutual fund dealing representative with the firm Groupe Cloutier Investissements inc.
2 The respondent Claude Lemay should not be confused with Claude Lemay who holds certificate 121041 in insurance of persons and group insurance of persons and is attached to Sun Life Financial Distributors (Canada) Inc. and is registered as a mutual fund dealing representative with Sun Life Financial Investment Services (Canada) Inc.