D-9.2 - Act respecting the distribution of financial products and services

Section 488 Disposition versions

2009-12-04

488. An executive officer, director or employee of the principal offender, including a person remunerated on commission, who authorizes or permits an offence under this Act is liable to the same penalties as the principal offender.

1998, c. 37, s. 488; 2008, c. 7, s. 95; 2009, c. 58, s. 84.

2008-05-28

488. A legal person convicted of an offence under any of sections 463, 464, 477 and 478 is liable to a minimum fine of $4,000, double the profit realized or one fifth of the sums entrusted to or collected by the person, whichever is the greatest amount. The maximum fine is $200,000, four times the profit realized or half the sums entrusted to or collected by the person, whichever is the greatest amount.

In the case of a second or subsequent conviction, the minimum and maximum fines are doubled.

1998, c. 37, s. 488; 2008, c. 7, s. 95.

1999-10-01

488. A legal person convicted of an offence under any of sections 463, 464, 477 and 478 is liable to a fine of not less than $4,000 and not more than $40,000 and, for every subsequent offence, to a fine of not less than $8,000 and not more than $80,000.

1998, c. 37, s. 488.