The Autorité des marchés financiers says that a man has pled guilty and agreed to pay a $5,000 fine for impeding an investigation.
The Quebec securities regulator reports that Louis-Philippe Séguin pleaded guilty to an amended charge from the AMF, which claimed that he hindered the work of a person conducting an inquiry during an investigation. Specifically, the AMF claims that he misrepresented to the investigator that he was unaware of the identity of the beneficial owners of certain accounts.
As a result of the plea, before Justice of the Peace Gilles Michaud of the Court of Québec, district of Montréal, Séguin agreed to pay a $5,000 fine.
The AMF notes that in 2008, Séguin was ordered to pay a $15,000 fine for trading in the securities of a registered firm while holding privileged information about it.