A Quebec court has ordered an individual to co-operate with an investigation by the the Autorité des marchés financiers. The AMF approached the court to intervene in July.

The AMF reports that on October 25, Quebec Superior Court Judge Daniel Tingley ordered Jean-Pierre Nadeau to appear and testify in connection with an investigation it is conducting, under threat of a contempt of court charge.

“With this decision, the Superior Court has upheld the importance of the power to investigate in the securities sector and, in the event of refusal to co-operate, will impose the penalty for contempt of court,” the AMF says.

On Dec. 17, 2003, the Commission des valeurs mobilières du Québec (now the AMF) ordered an investigation, and it summoned Nadeau by subpoena. It reports that he appeared at its offices on June 2, 2004, accompanied by his attorney. However, he refused to answer the questions asked by the investigator and provide the documents required by the subpoena.