Montréal - On September 12, 2013, the Honorable Justice of the Peace Gilles Michaud, of the Court of Québec, ordered Robert McIntosh Respondent Robert McIntosh should not be confused with the representative in insurance of persons and dealing representative (mutual fund dealer) whose certificate number is 123453. and his company PNA Group Inc. to pay a total of $122,000 in fines for various offences involving illegal distributions.
More specifically, the Autorité des marchés financiers ("AMF") had charged Robert McIntosh with illegal practice as a dealer, aiding PNA Group Inc. and Prolink North America Inc. with distributions without a prospectus, and misrepresentations. Robert McIntosh convinced investors that PNA Group Inc. held the intellectual property rights for the photoluminescent products sold by the company, falsely stated that the company's securities would be listed on the stock exchange and gave an undertaking relating to the future value or price of the securities.
The AMF's investigation showed that three investors lost $65,000 after investing in PNA Group Inc. and Prolink North America Inc.
The Autorité des marchés financiers ("AMF") is the regulatory and oversight body for Québec's financial sector.
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