Canada has permanently banned a Winnipeg investment advisor for misappropriating funds.

A hearing panel found that Irene Judt, who worked at the Winnipeg office of Carpathia Credit Union as an investment advisor, and at Credential Securities Inc. as a registered mutual funds representative, was misappropriating funds from her clients and employers.

The hearing panel imposed a permanent prohibition from approval in any registered capacity with a member of the association as well as a $7,500 fine and $5,000 in association costs.

More information can be found in the IDA Bulletin 3431, on their Web site.