Disciplinary hearing held for mutual fund dealer who worked in Mississauga

The disciplinary hearing for a mutual fund dealer who worked in Mississauga and Toronto will continue this week.

The Mutual Fund Dealers Association of Canada, now the Canadian Investment Regulatory Organization, continues disciplinary proceedings into Ann Marie Reid.

Reid conducted business in Mississauga and Toronto and is accused of misconduct, according to a press release from the Canadian Investment Regulatory Organization.

It alleged Reid accepted a power of attorney for a property from a client contrary to the association’s rules between January 2016 and September 2017, according to the notice of hearing. 

It is also alleged she accepted an appointment to act as executor and trustee for the client.

Reid worked for Desjardins Financial Security Investments Inc. and IPC Investment Corporation but she is not currently registered in the securities industry in any capacity.

The proceedings in this hearing started in August 2022

An appearance in this proceeding is scheduled for Wednesday (Dec. 20).

For more information or to listen to the proceedings via teleconference, see the notice here.

The Canadian Investment Regulatory Organization is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces.

For more information, visit www.ciro.ca.