August 23, 2017 Decisions and Freeze and cease trade orders

Montréal – On June 2, 2017, Judge Jean-Paul Braun found Pierre-Michel Combaluzier guilty of the charges brought against him, namely, for acting as a securities dealer without being registered with the Autorité des marchés financiers (the "AMF") and aiding Le Monde des échanges Napoléon or First Imperial Mint in making a distribution without a prospectus. The judge ordered him to pay a fine totalling $84,000.

In the same matter, Paul Dénommé was acquitted of the two charges brought against him, namely, of acting as a securities dealer without being registered with the AMF and aiding First Imperial Mint in making a distribution without a prospectus.

On February 8, 2017, co-defendant Normand Tétrault pleaded guilty to the 20 charges brought against him and was fined a total of $190,000.

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

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