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by Mike Caswell

The Canadian Investment Regulatory Organization has filed a case against former Desjardins Financial Security Investments Inc. employee Angie Lau, claiming that she improperly received $877,956 from her clients and others over a two-month period. CIRO says that Ms. Lau sought loans or offered short-term investments that would return at least 5 per cent per month. In reality, she sent the money to third parties and clients received little money back, according to CIRO.

The allegations are contained in a notice of hearing that CIRO released on Nov. 21, 2025. The sole respondent is Ms. Lau, who worked at a Desjardins branch in the Ottawa area and had been there since June 5, 2015. The firm fired her on March 25, 2024.

The events at issue, as set out by CIRO, arose from money that Ms. Lau solicited from clients over a two-month period in early 2024. According to CIRO, she approached a client in February, 2024, and asked for a personal loan of $100,000. She told the client that the money was for another client and that she would pay it back in two weeks, CIRO claims. She offered $10,000 in interest, according to the notice.

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