Ex-B.C. banker banned and fined $50K after forgery, taking money from dead clients

Ex-B.C. banker banned and fined $50K after forgery, taking money from dead clients

The Canadian Investment Regulatory Organization has fined a former mutual fund dealer at the Bank of Montreal in Squamish $50,000 and permanently barred her from registered securities work after she misappropriated more than $118,000 from client accounts, some of whom were deceased. The industry-led...

Ex-rep sanctioned for misappropriation

A former mutual fund rep who admitted to misappropriating money from clients has been fined and permanently banned by a regulatory hearing panel. Following a hearing on sanctions, a disciplinary panel of the Canadian Investment Regulatory Organization (CIRO) banned Christina (Lorna) Cole — a former rep with BMO Investments Inc. in Squamish, B.C. — for misappropriating approximately $24,800 from several clients, including a couple of recently dec…