Regulator’s top priority is to maximize the recovery of funds for distribution to defrauded investors as soon as possible
MEDAC recommends co-operation with AMF
Regulator suspends eight employees
Lacroix facing 51 charges
No justification for allegations
Investor compensation fund logs more than 600 claims
The Autorité des marchés financiers yesterday launched a $94 million lawsuit against Vincent Lacroix, the founder of the Norbourg group of companies, accusing him of misappropriating millions from the Montreal-based money management firm.Quebec’s main securities regulator is claiming $84 million from Lacroix for losses incurred by investors and $10 million in punitive damages. The AMF […]
Says Lacroix has never co-operated with regulators
Lacroix pledges to co-operate with trustee
AMF “strenuously” opposed to motion