On May 28, 2020, the Autorité des marchés financiers, Quebec’s securities regulator, published its Enforcement Report for the period April 2019 to March 2020 (https://lautorite.qc.ca/en/general-public/publications/amf-publications/enforcement-report/)
Here are the highlights:
On the Sanctions front:
- $17,648,318 in fines and administrative penalties were imposed in proceedings brought by the AMF, 75% of which were fines under the Act respecting the distribution of financial products and services
- 83 individuals and firms were sanctioned for various offences
- 6 individuals were given a total of more than 6 years of jail time in penal proceedings
On the Surveillance and Investigations front:
- 16 cyber crime