Réal Forest ordered to pay $24,000

Decisions and Freeze and cease trade orders Insurance

Montréal – In a decision handed down today, Judge Ronald Dudemaine of the Court of Québec (Criminal and Penal Division), in the judicial district of Richelieu, ordered Réal Forest to pay a total fine of $24,000, plus costs.

Mr. Forest, who is from the region of Sorel-Tracy and formerly pursued activities as an independent representative in insurance of persons, was accused of carrying on business as a securities dealer without being registered with the Autorité des marchés financiers (AMF). He was also accused of assisting 9059-6073 Québec inc. (Logi-Tech) with the distribution of securities, without having a prospectus approved by the Commission des valeurs mobilières du Québec (now the AMF).

On June 8, 2005, Mr. Forest pleaded guilty to eight counts brought against him by the AMF.

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

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