MONTREAL, Aug. 14 /CNW Telbec/ - On November 28, 2006, following an
investigation conducted by its Regulatory Division, Bourse de Montréal Inc.
(the Bourse) filed a complaint against Marc Beaudoin who was, when the
relevant facts occurred, a person approved by the Bourse.
Following a hearing, the Disciplinary Committee of the Bourse (the
Committee) issued a decision imposing to Marc Beaudoin a fine of $35,000 and
requiring that he refunds the costs of the investigation, for an additional
amount of $10,595.
The Committee determined that Marc Beaudoin has contravened article 6004
of the Rules of the Bourse, which stipulates that subject to some exceptions,
all purchases and sales of products listed on the Bourse made by approved
participants, permit holders and affiliated corporations must take place on
the Bourse during a trading session thereof.
On or about September 25, 2000, Marc Beaudoin proceeded to an off
exchange transaction involving 500,000 Jitec Inc. shares, for a total value of
$2,600,000. As the shares of Jitec Inc. were then listed on the Bourse, this
transaction should have taken place on the Bourse during a trading session as
required by the Rules of the Bourse.
At the time of this infraction, Marc Beaudoin was a registered
representative of Canaccord Capital Corporation. He is not currently employed
in the securities industry.
For further information:
For further information: Jean Charles Robillard, (514) 871-3551,