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Four months in prison for having transmitted false information

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August 2, 2018 11:30

William Fernandez was sentenced to a term of imprisonment of four months and must pay fines totalling 53 574,80 $ to have breached the securities Act.

The decision of the justice of the peace magistrate Nancy Lecompte, of the Court of Québec, district of Salaberry-de-Valleyfield, puts an end to a criminal prosecution brought by thefinancial markets Authority.

Five counts of the indictment

Mr. Fernandez has pleaded guilty to the five counts with which he was faced, or to have provided false or misleading information to three investors (three counts), for the illegal exercise of activity of securities dealer (a chief) and to have the assistance of the placement without a prospectus (a chief).

His company, 9130-3040 Quebec inc., was referred by a count of placement without a prospectus. He was imposed a fine of 12 787,40 $.

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