The Autorité des marchés financiers reports that the Bureau de décision et de révision en valeurs mobilières has issued a freeze order on the funds, securities or other assets of La Liberatrix Corp., Gaby Cournoyer and David Allaire, at its request.

The AMF says that the BDRVM also issued an order for them to cease carrying on business. Cournoyer was until recently a senior executive at Groupe Financier Fides Inc. and La Fiducie Fides, based in Drummondville, it notes.

The BDRVM issued a freeze order on the funds, securities and other assets of Groupe financier Fides inc., La Fiducie Fides and 9166-6198 Québec inc. as well as a cease trading order in respect of Groupe financier Fides inc. and La Fiducie Fides in June. “The BDRVM made the decision because the respondents distributed loan agreements without obtaining a receipt from the AMF,” it alleged at the time.

In a news release issued Monday, the AMF says: “The BDRVM ordered La Liberatrix Corp. and Gaby Cournoyer to refrain from withdrawing funds, securities or other assets from an account at Man Financial Canada Co. and ordered the latter not to dispose of the funds, securities or other assets it holds in this account.”

The BDRVM also ordered them to refrain from withdrawing funds, securities or other assets “that belong to investors on behalf of whom they manage a portfolio and that are in the possession of another person having them on deposit, under control or in safekeeping.

“Finally, the BDRVM issued an order to cease carrying on business as a securities adviser, in particular by managing portfolios or providing advice on acquiring, disposing of or participating in commodity, financial instrument and stock index futures contracts,” the AMF adds.

The AMF doesn’t make any allegations in its release, and nothing has been proven.