2009/04/20
15:12:20
A Quebec based company is admitting to wrong doing after illegally selling securities in this province.
An investigation by the New Brunswick Securities Commission revealed Groupe Financier CTIC had sold over $5.7 million dollars in securities in the province over the past 3 years.
Under the motion commission staff allege CTIC did not comply with the disclosure or registration requirements under the Securities Act, and are prohibited from issuing, registering, or managing mutual funds until the investigation is complete and a final decision is made.
