A woman with connections to some Norfolk County financial institutions has been permanently banned from conducting securities-related business by the Mutual Fund Dealers Association (MFDA) of Canada for misappropriating more than $5,000 from two clients in 2018.
Krystal Jean Vanlandschoot was a Canadian Imperial Bank of Commerce employee working at branches in Simcoe between 2014 and 2018.
The bank identified unauthorized transactions to a third party made by Vanlandschoot and began an investigation.
In addition to misappropriating $5,489 in funds, Vanlandschoot failed to cooperate with the MFDA during an investigation into her conduct in September of 2018.
Following an online hearing last month, the MFDA imposed a lifetime ban and fined her $80,000 plus $7,500 in costs.
