The Pacific District Council of the Investment Dealers Association of Canada has imposed a $150,000 penalty on Winnie W. S. Tang, a former registered rep with Golden Capital Securities Ltd., for misappropriating funds.

Pursuant to a settlement agreement reached June 19, Tang admitted that from 1992 to 2000 she misappropriated funds from Golden to client accounts, including her own.

Besides the fine, the IDA assessed a permanent prohibition against Tang. She is also required to pay $25,000 towards the association’s costs of this investigation.

For a complete summary of facts, please see IDA Bulletin 3167 at www.ida.ca.