Quebec super regulator, Autorité des marchés financiers, says an investigation is under way into the financial operations of Mount Real Corp.

The AMF reports that it has retained the services of an investigative and forensic accounting firm to assist with the investigation. “The AMF is mobilizing all necessary resources for this investigation and intends to take all appropriate measures to protect investors and ensure market integrity,” it says.

Trading in Mount Real shares was halted on June 20 as a result of the 40% decline in share price.

The halt was requested by Market Regulation Services Inc.

AMF Web site
http://www.lautorite.qc.ca