Securities

Montréal – The Autorité des marchés financiers (AMF) recently filed two requests with the Bureau de décision et de révision en valeurs mobilières (BDRVM) for administrative penalties. The requests relate to State Street Global Markets Canada Inc. and Raymond James Ltd., and the penalties being sought total almost $50,000.

The AMF is asking the BDRVM to impose administrative penalties totalling $42,852 against State Street for:

  • failing to file with the AMF, within 90 days after the end of its 2005 and 2007 financial years, documents required under section 158 of the Securities Act (the "Act") and sections 75, 76, 77 and 86 of Policy Statement Q-9 Dealers, Advisers and Representatives (the "Policy  Statement"), in particular a copy of its financial statements and a list of the direct and indirect shareholders.

With respect to Raymond James Ltd., the AMF is seeking administrative penalties in the amount of $6,000 for:

  • failing to file with the AMF, within 90 days after the end of its 2006 and 2007 financial years, documents required under section 158 of the Act and section 77 of the Policy Statement, namely, the appendix "Allocation of business made in Québec and outside of Québec."

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

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