Move designed to protect investors, Quebec regulators say
New rules to focus on disclosure of ties between brokers and insurers
Regulator concerned with insurer’s financial position
The Autorité des marchés financiers reports that, at its request, the Québec Finance Minister has appointed Jean Robillard of Raymond, Chabot, Grant, Thornton, as the provisional administrator of Mount Real Corp., Valeurs mobilières iForum and Services financiers iForum. Also, at the request of the AMF, the Bureau de décision et de révision en valeurs mobilières […]
The Autorité des marchés financiers yesterday launched a $94 million lawsuit against Vincent Lacroix, the founder of the Norbourg group of companies, accusing him of misappropriating millions from the Montreal-based money management firm.Quebec’s main securities regulator is claiming $84 million from Lacroix for losses incurred by investors and $10 million in punitive damages. The AMF […]
Says Lacroix has never co-operated with regulators
AMF moves to protect Vigilance policyholders
AMF “strenuously” opposed to motion
$130 million in assets missing, auditor finds
Says no explanation given for substantial drop in assets