An Investment Industry Regulatory Organization of Canada (IIROC) hearing panel has permanently banned a former Montreal-based advisor who admitted he misappropriated more than $140,000 from a client account in addition to other violations, IIROC announced on Monday.

The infractions occurred from 2001 and 2013 while Roy Orr was a registered representative with the Montreal branches of TD Waterhouse Canada Inc. (formerly Evergreen), Desjardins Securities Inc. and Industrial Alliance Securities Inc.

Orr admitted that on or around Aug. 21, 2001, he “engaged in business conduct or practice unbecoming or detrimental to the public interest by misappropriating $143,000 from a client account,” IIROC said.

Orr also admitted to falsifying account statements; creating false change of address forms to divert correspondence from his clients; forging a client’s signature on client account documentation, and creating false portfolio statements and income tax documents. These actions were taken between October 2002 and April 2013, IIROC said.

In addition, Orr also conceded to engaging in unauthorized trading in two client accounts between July 2001 and October 2012.

Orr agreed to a permanent bar on his approval with IIROC. It addition he agreed to pay a $65,000 fine, $3,600 in disgorged commissions, and $5,000 in costs.

IIROC formally began investigating Orr’s conduct in May 2013.

Orr is no longer a registrant with an IIROC-regulated firm.