The Autorité des marchés financiers says it is seeking to appeal the court decision reducing the sentence imposed on the founder of failed mutual fund firm Norbourg by 42 months.On Dec.11, 2007, Judge Claude Leblond found Norbourg founder, Vincent Lacroix, guilty on the 51 charges brought against him by the AMF on March 9, 2006. […]
Quebec’s Autorité des marchés financiers (AFM) held a training seminar on emerging issues in insider trading and market manipulation as part of its effort to step up the fight against these sorts of activities.The AMF said that experts from the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority and the Commodity Futures Trading […]
In its submission to the Expert Panel on Securities Regulation, the Autorité des marchés financiers argues for maintaining the status quo rather than moving to a single regulator.It concludes that “current securities regulation in Canada is adequate in light of the specific features of the Canadian market.”“Canada operates a small securities market made up of […]
Sentence against Lacroix trimmed to 8 1/2 years
AMF looking to recover $32 million
Jean St-Gelais, beginning his second term as head of the AMF, says the regulator is “taking flight” after a rocky start
Bill 64 enables AMF to act more quickly, grants new investigation powers
AMF closes investigation
The former Norbourg Group executive was handed a lengthy jail sentence and a hefty fine
Provisional liquidator in charge of affair will also oversee Cayman Islands-based hedge fund involved in the scandal