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Wednesday, September 30, 2009

Securities Commission Investigates Illegal Distributions

Orders have been issued against four people by the New Brunswick Securities Commission. This is the result of an on-going investigation into alleged illegal distributions. The people in question are Pierre Emond, Armel Drapeau, Jules Bossé and Robert Saintonge and none are registered with the NBSC.

The motion alleges the respondents were involved in the promotion of securities of two companies around the Province. The current paperwork against the four prohibit them from selling or advising on any securities transactions until further order from the NBSC.