Rights of Evergreen Capital Partnerns withdrawn

Decisions and Freeze and cease trade orders Securities

Montréal – At the request of the Autorité des marchés financiers (AMF), the Bureau de décision et de révision en valeurs mobilières (BDRVM) issued a decision on June 2, 2009 withdrawing the rights granted to Evergreen Capital Partners in respect of its registration as an unrestricted securities dealer.

Evergreen Capital Partners failed to comply with certain provisions of the Securities Act (the "Act") and the Securities Regulation (the "Regulation") by:

  • not having adequate financial resources to ensure the viability of its business pursuant to section 151 of the Act;
  • not being a member of a self-regulatory organization and not participating in an acceptable contingency fund pursuant to section 215 of the Regulation.

The respondent's membership in the Investment Industry Regulatory Organization of Canada (IIROC) was suspended on November 5, 2008. In addition, on December 2, 2008, a trustee in bankruptcy was named in respect of the company.

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

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