Compensation in the Event of FraudCompensation in the Event of Fraud se faire indemniser en cas de fraude

A consumer who is a victim of fraud may apply to the Fonds d’indemnisation of the Autorité des marchés financiers for compensation. To qualify for compensation from the Fonds d’indemnisation, the application must satisfy the following three criteria:

  • The consumer must have dealt with a representative who was duly certified by the Authority.
  • The fraud must be related to a product that the representative could legally offer, within the limits of the certificate or the registration issued by the Authority.
  • The claim for compensation must be filed within one year of the date on which the consumer became aware of the fraud, the fraudulent tactics or the embezzlement.

Maximum compensation is $200,000 per claim.​

The current system allows a consumer who has been a victim of fraud to file a claim at no cost through an administrative process​ and to receive compensation if the criteria are fulfilled.

To learn more, read Quels sont le​s recours du consommateu​r floué en matière d’assurance de dommages?​ (available in French only on the ChAD’s website)

3/12/2015 7:05:43 PM