Securities

Montréal - The Bureau de décision et de révision recently approved a joint recommendation whereby Jacques Gauthier1 agreed to pay an administrative penalty in the amount of $9,000 to the Autorité des marchés financiers ("AMF"). He acknowledged that he traded in the securities of AAER based on information that had not been disclosed to the public and that could affect the decision of a reasonable investor, thereby violating section 187 of the Securities Act.

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

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1 The respondent Jacques Gauthier should not be confused with Jacques Gauthier who holds certificate No. 114 017 in claims adjustment and is attached to 2529-7847 Québec Inc.

As well, the respondent Jacques Gauthier should not be confused with Jacques Gauthier (NRD No. 1625801), who is a dealing representative (investment dealer) and a derivatives representative with National Bank Financial.