Decisions and Freeze and cease trade orders Securities
Montréal – In a decision handed down on October 16, 2006, Judge Robert Lanctôt of the Court of Québec (Criminal and Penal Division) in the district of Longueuil found Robert E. Carroll guilty on the fourteen counts brought against him by the Autorité des marchés financiers (AMF).
Mr. Carroll was accused of violating Securities Act, R.S.Q., c. V-1.1 (the “Act”) by:
- distributing the securities of World Blood Bank without being registered as an unrestricted securities dealer with the AMF, thereby violating section 148 of the Act (7 counts);
- assisting World Blood Bank with the distribution of its securities without a receipt from the AMF for a prospectus in accordance with section 11 of the Act (7 counts).
Mr. Carroll was ordered to pay a fine in the amount of $42,000.
The Autorité des marchés financiers (AMF) is the regulatory and oversight body for Québec’s financial sector.
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Frédéric Alberro (514) 940-2176
Issuers, dealers, advisers and representatives: (877) 525-0337, choose option 9 for English, then 1 for industry
Consumers and investors: (877) 525-0337, choose option 9 for English, then 8 for consumers