Montréal - In the summer of 2013, at the request of the Autorité des marchés financiers ("AMF"), the Bureau de décision et de révision (the "Bureau") handed down a decision ordering MonArc Money Solutions Inc. to set up control and oversight measures in order to ensure that the company and its employees comply with the Securities Act and its regulations. These measures were to be set up to the AMF's satisfaction within 90 days following the decision.
MonArc Money Solutions Inc. failed to comply with the order within the prescribed time period. As per the Bureau's decision, the rights conferred on MonArc Money Solutions Inc. through its registration as a mutual fund dealer are withdrawn as of today and the registration of all representatives acting on its behalf is also suspended until they are registered with another dealer approved by the AMF.
Important message for clients of MonArc Money Solutions Inc.
The AMF is encouraging clients of the mutual fund dealer MonArc Money Solutions Inc. to contact their mutual fund manager directly for any questions about their account.
For all other matters, please contact an agent at the Information Centre.
The Autorité des marchés financiers (the AMF) is the regulatory and oversight body for Québec's financial sector.
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