Tuteur Modulaire J. C. Inc. - AMF files 19 charges against Jocelyn and Claude Lapierre
MONTREAL, July 10, 2012 /CNW Telbec/ - The Autorité des marchés financiers (the "AMF") has launched a penal proceeding in the district of Saint-Maurice and filed 19 charges against Tuteur Modulaire J. C. Inc. and its two shareholders and officers, Jocelyn and Claude Lapierre,¹ for illegal practice as a dealer and making distributions without a prospectus. It is seeking $125,000 in fines.
The Lapierre brothers allegedly approached investors who gave them money in the form of cheques or cash to purchase shares of Tuteur Modulaire. The modular structure for staking plants, which was to provide additional support for branches and leaves and included a lighting system, was never produced. At least four investors lost a total of approximately $97,000.
Reminder to investors
The Autorité des marchés financiers (the "AMF") is the regulatory and oversight body for Québec's financial sector.
¹ Not to be confused with Insurance of Persons Representative and Group Insurance Representative Claude Lapierre, who holds certificate 119225, or with independent Insurance of Persons Representative Claude Lapierre, who holds certificate 119226.