Triglobal - 2007-033 - Freeze order extended

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 an order on June 23, 2009 extending, for a period of 120 days, the freeze order initially issued on December 21, 2007 in the matter of Triglobal Capital Management Inc.

The publication of this news release constitutes the method of service authorized by the BDRVM in connection with decision 2007-033-011 (pdf - 45 KB)This link will open in a new windowUpdated on June 23, 2009 (in French only) ordering the extension of the freeze order made upon the following respondents: Themistoklis Papadopoulos, Mario Bright, Anna Papathanasiou, Kevin Coombes, the Société de gestion de fortune Triglobal inc., and 3769682 Canada inc.

On December 21, 2007, the BDRVM, further to recommendations from the AMF, ordered Triglobal to cease any activity in respect of a transaction in a form of investment governed by the Securities Act and any activity as a securities adviser. In addition, numerous freeze and other orders have been issued against Triglobal as well as related companies and individuals. An AMF investigation revealed that between 1997 and 2007, a number of Quebeckers had invested millions of dollars in Focus Management Inc. or Ivest Fund Ltd. through representatives, related persons and/or officers of Triglobal.

Jean Robillard of the firm Raymond Chabot Grant Thornton has acted as receiver in respect of Triglobal since December 24, 2007, further to a recommendation from the AMF and the BDRVM and his appointment by the Finance Minister. In a decision by the Finance Minister on March 26, 2009, the receiver's mandate was extended to September 30, 2009.

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

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