A former mutual fund dealer at the Bank of Montreal in Squamish has been accused of “misappropriating or failing to account for monies” of two deceased clients after transferring more than $25,000 into her personal account.
The Canadian Investment Regulatory Organization, an industry-led regulator for registered investment representatives, issued a hearing notice against Christina (Lorna) Cole on June 3, alleging she forged the signature of an out-of-town client to create a phony debit card to access the alleged misappropriated funds.
Cole is set to face a hearing panel June 24. The allegations against her are not proven and Business in Vancouver was unable to contact her for comment.
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