The Investment Dealers Association of Canada (IDA) has fined Randall Wayne Reiffenstein $50,000 for failing to cooperate with an IDA investigation.

Reiffenstein is a former broker from the Calgary branch of Dundee Securities Corp.

The IDA hearing panel found that between November 2, 2005 and February 14, 2006, Reiffenstein failed to cooperate in an investigation into his conduct.

As well, if Reiffenstein does not contact the IDA, pay his fine and costs and fully cooperate within 90 days, he will be permanently banned.

Reiffenstein has not been employed with an IDA firm since July 19, 2005.