A former Moncton investment dealer has been charged with seven counts of fraud after being arrested in Ontario, according to the police.

RCMP Cpl. Chantal Farrah said Darlene Catherine Ryan was arrested in Niagara Falls, Ont., on Tuesday and returned to New Brunswick.

She appeared in Moncton provincial court on Thursday.

Ryan worked with Scotia Capital in Moncton between 1999 and 2010, when she was fired.

Her whereabouts had been unknown but police had issued a warrant for her arrest. 

In June, even though she wasn't there, Ryan was fined $1 million at a hearing held by the Investment Industry Regulatory Organization of Canada.

She was also permanently barred as an investment dealer.

The regulatory organization found her guilty of forging her clients' signatures and transferring about $1 million out of the accounts of five clients, two from Moncton, one from Shediac and two others from Prince Edward Island.

The organization said some of the misappropriated money went to Ryan's friends, a former co-worker and a cousin.

About $176,000 was used to make payments on a CIBC Visa Gold card, the group says.

Ryan will be back in Moncton provincial court on Monday afternoon for a bail hearing.