Montréal – Christophe Balayer recently pleaded guilty before Justice of the Peace Sylvie Desmeules on two counts of illegal practice and distributions in relation to the matter of Norshield and was fined $6,000.

In March 2010, the Autorité des marchés financiers (AMF) launched 11 proceedings in connection with the illegal sale of investment vehicles related to Norshield and sought fines of $976,000. To date, two representatives, Éric Couture and Christophe Balayer have been charged and fined a total of $36,000.

Christophe Balayer has also been fined $34,000 for similar offences in the matter of Mount Real.

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

— 30 —

Information:

Media only:
Sylvain Théberge: 514-940-2176

Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337

Additional news

• October 24, 2018 Lino P. Matteo’s appeal dismissed
• February 13, 2015 Mount Real - Yves Mechaka fined $140,000
• February 19, 2014 In the Matter of Norshield - Enrico Bruni fined $18,000
• July 2, 2013 Norshield - René Joubert Fined $225,000
• February 18, 2013 Penal proceedings against the officers of Mount Real - Paul D'Andrea fined $655,000
• December 20, 2012 Illegal practice as a dealer - Jacques Gagné fined $806,000
• September 6, 2012 In the Matter of Norshield - Michel L'Italien fined $80,000 and René Joubert found guilty
• May 25, 2012 In the Matter of Norshield - Claude Tardif ordered to pay $16,000 in fines
• April 10, 2012 Mount Real and Norshield - Marc-André Froment and Roberto Milzi fined
• May 6, 2011 Norshield - Yves Tardif fined $104,000
• March 7, 2011 Not responsible by reason of mental disorders - AMF appeals decision rendered in respect of Denis Patry
• February 25, 2011 Mount Real and Norshield - Nick Mylonakis, William Marston and René Proteau fined
• January 24, 2011 Mount Real - Paul Messier Jr fined $104,000
• December 22, 2010 Mount Real and Norshield - Fayza Rifai, Jaime Lao Wan Lian, Francesco Iaconno and Nick Mylonakis guilty
• November 10, 2010 Mount Real - Paul Quenneville and René Proteau plead guilty
• October 27, 2010 12^th representative fined in Mount Real matter - Larraine Lyttle fined $91,000
• October 20, 2010 Mount Real - Three additional representatives guilty
• June 4, 2010 Guilty verdict for ninth Mount Real representative - Guy Prescott fined $40,500
• May 27, 2010 Penalty against representative in Norshield matter
• May 11, 2010 Three representatives convicted - Yves Tardif, Éric Couture and Larraine Little guilty
• March 31, 2010 In the Matter of Norshield - AMF Sues 11 individuals, Files 140 Charges and Seeks $976,000 in Fines
• March 23, 2010 Illegal Distributions on the North Shore - Michel L'Italien fined $500,000
• March 8, 2010 Mount Real - Anthony Cappellano guilty
• May 14, 2009 Michel L'Italien and Jacques Gagné - Freeze orders extended
• December 22, 2008 Zenith Corporation - AMF files 89 charges against Denis Patry , seeks prison term and fine of $2,157,000
• November 14, 2008 AMF files suit against Jacques Gagné and seeks over $800,000 in fines
• November 13, 2008 Michel L'Italien - Freeze order extended
• September 22, 2008 Mount Real - AMF files 682 charges against 5 officers, seeks prison terms and hefty fines
• August 27, 2008 Jacques Gagné - Freeze order extended
• August 15, 2008 AMF files 102 charges against Michel L'Italien and seeks $692,000 in fines
• May 5, 2008 Mount Real - Anthony Cappellano guilty
• April 30, 2008 Mount Real - Enrico Bruni acquitted
• April 14, 2008 Mount Real - Luigi Muro found guilty and ordered to pay $324,000
• January 10, 2008 Mount Real - Christophe Balayer guilty on 10 counts
• November 1^st, 2007 Victor Lacroix and Armando Ferruci convicted and fined, respectively, $156,000 and $288,000
• June 4, 2007 Matter of Michel L'Italien - Freeze and cease trade orders
• March 7, 2007 Freeze and cease trade orders against Michel L'Italien, 9151-5270 Québec inc., Noble & Finance inc. and Les Investissements Noble & Finance inc.
• February 27, 2007 Québec Court rules appeal by Jacques Gagné unfounded
• January 30, 2007 Matter of Jacques Gagné - Freeze orders renewed
• January 24, 2007 Mount Real - AMF files 619 charges against 24 individuals
• December 19, 2006 Application for suspension of execution dismissed for Jacques Gagné
• July 6, 2006 Zenith - AMF pleased with implementation of liquidation plan
• June 8, 2006 Mount Real Corporation - Freeze order extended
• May 24, 2006 Order against Jacques Gagné confirmed
• May 16, 2006 Mount Real Corporation - AMF confirms suspension of two independent representatives and firm
• March 24, 2006 Mount Real Corporation - AMF suspends Carole Dorion
• March 17, 2006 Mount Real Corporation: Court authorizes AMF to intervene
• March 9, 2006 Jacques Gagné found guilty
• February 28, 2006 Mount Real Corporation - Orders issued against Laurence Henry
• February 23, 2006 Mount Real Corporation - AMF suspends Champoux, Froment et associés
• February 14, 2006 Mount Real Corporation - AMF suspends Yves Tardif
• February 13, 2006 Zenith - Liquidation order and appointment of liquidator
• February 9, 2006 Mount Real Corporation - Freeze order extended
• January 13, 2006 Report filed by provisional administrator - AMF recommends Wind-Up of Zenith Growth Fund
• January 13, 2006 AMF recommends wind-up of Zenith growth fund
• January 6, 2006 New Cease Trading Order In Mount Real Case
• December 1^st, 2005 Valeurs mobilières iForum inc. - Services Financiers iForum inc. - Sale of Assets
• November 23, 2005 Mount Real Corporation - Further freeze order
• November 10, 2005 Mount Real Corporation - Provisional administrator appointed, freeze and cease trading orders issued
• October 31, 2005 Zenith fund - Appointment of provisional administrator recommended
• September 13, 2005 Planiges registration suspended and Zenith fund frozen
• June 30, 2005 RSM Richter Appointed Receiver of Norshield Group in Quebec
• June 29, 2005 Court Orders Appointment of RSM Richter Inc. as Receiver of Norshield
• June 22, 2005 AMF investigating Mount Real
• June 3, 2005 Norshield Asset Management - Appointment of monitor
• May 20, 2005 Norshield funds ordered to cease activity
• March 30, 2005 Orders issued against Jacques Gagné