The Autorité des marchés financiers yesterday launched a $94 million lawsuit against Vincent Lacroix, the founder of the Norbourg group of companies, accusing him of misappropriating millions from the Montreal-based money management firm.Quebec’s main securities regulator is claiming $84 million from Lacroix for losses incurred by investors and $10 million in punitive damages. The AMF […]
Says Lacroix has never co-operated with regulators
AMF moves to protect Vigilance policyholders
AMF “strenuously” opposed to motion
$130 million in assets missing, auditor finds
Says no explanation given for substantial drop in assets
Fragasso's resignation comes in the wake of AMF investigation of Norbourg
Regulator orders fund manager to cease business
AMF will seek public consultation on distribution, consumer issues
Minister of Finance Ralph Goodale today announced the appointment of Tom Rice to the board of directors of the Bank of Canada.Rice is the founder of Rice Financial Group and Rice Capital Management — now Winnipeg-basedJovian Capital Corp., of which he is the Chairman. Jovian has interests in a number of financial services and wealth […]