November 22, 2010 Decisions and Freeze and cease trade orders Securities

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.

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Information:

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Sylvain Théberge: 514-940-2176

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

Additional news

• May 27, 2010 Penalty against representative in Norshield matter
• March 31, 2010 In the Matter of Norshield - AMF Sues 11 individuals, Files 140 Charges and Seeks $976,000 in Fines
• 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 3, 2005 Norshield Asset Management - Appointment of monitor
• May 20, 2005 Norshield funds ordered to cease activity