A Canadian Investment Regulatory Organization (CIRO) hearing panel has sanctioned former TD Investment Services Inc. dealing representative, Miranda Sirri Che, prohibiting Che from conducting securities-related business with any CIRO member firm for three months. The regulator also fined Che $14,000. The sanctions come after the representative admitted she forged the signatures of six clients to prepare eight account forms for processing between January and March 2021.
Registered since August 2013 and employed by TD from February 2017 until she was terminated in March 2021, Che is not currently registered in the industry in any capacity, according to the settlement agreement between the former representative and CIRO staff.
Five of the forms in question were identified during daily trade reviews. A review of client files maintained by Che uncovered the remaining three forms. During an audit of Che’s file where the dealer attempted to contact impacted clients, no one responded with any concerns.
The Saskatoon, Saskatchewan representative must also pay CIRO’s costs totalling $5,000.