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Fines of $ 20,000 for acting without being registered with the Authority

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11 September 2018 11:30

Charles Taylor Consulting Services and Pierre-Luc Thiffeault écopent fines totalling $ 20,000 for failing to the Act respecting the distribution of financial products and services (distribution ACT).

The decision of the justice of the peace magistrate Nathalie DuPerron-Roy, of the Court of Québec, district of Québec, puts an end to a criminal prosecution brought by thefinancial markets Authority.

No registration with the Authority

The company Charles Taylor Consulting Services has pleaded guilty to one count of acting as an office or be presented as such without being registered as such with the Authority. She also pleaded to one count of providing false or misleading information in a press release on the occasion of the activities governed by the ACT. The company has received fines totalling $ 16 000 $.

For his part, Pierre-Luc Thiffeault has pleaded guilty to the charge which he faced, to have acted as a claims adjuster, have used this title or is to be presented as such without being registered as such with the Authority. It was fined $4 000.

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