Montréal - On September 30, 2013, the Honourable Justice Pierre E. Labelle fined Rocco Di Stefano, a former insurance representative and mutual funds dealer, a total of $116,000. Mr. Di Stefano had pleaded guilty to a series of charges related to illegal distributions in connection with Sodexin Capital inc. and Zema Finances inc.
More specifically, Rocco Di Stefano pleaded guilty to 40 charges of aiding Sodexin Capital inc. and Zema Finances inc. with distributions without a prospectus, making misrepresentations about a securities transaction and illegally pursuing activities as a securities dealer.
In this matter, four other individuals had previously pleaded guilty to aiding Sodexin Capital inc. or Zema Finances inc. with distributions without a prospectus, namely, Roger Boileau (7 counts), Michel Lebel (7 counts), Jean-François Cantin (3 counts) and Francine Lauzon (10 counts). They were fined a total of $176,250.
The Autorité des marchés financiers (the AMF) is the regulatory and oversight body for Québec's financial sector.
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