Desjardins financial advisor made one client guarantor of another's account. Ivan Djordjevic, formerly a broker in the Toronto office of Desjardins Securities, has been barred from working for any firm that is a member of the Investment Dealers Association of Canada (IDA), the national self-regulatory organization of the Canadian securities industry, for forging a client's signature on a document guaranteeing another client's account.

Out -- make that "ote" -- for good

I effect, he's barred from ever being an advisor again, at least in Canada.

In addition, the IDA has fined Djordjevic has been fined $50,000 and ordered to pay $15,000 in costs. He could also be liable to criminal prosecution.

"Djordjevic's conduct was deliberate and deceptive and violated the bond of trust between registered representative and client," says the IDA.

Djordjevic hasn't been registered with an IDA-member firm since November 2005.

The two clients didn't know of each other's existence until Djordjevic disclosed the situation to the client who purportedly was providing the guarantee.

Desjardins Securities is based in Montreal -FWR

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