This report identifies advisors and other individuals who had been employed at IIROC-regulated firms and are in default of fines, disgorgement, and/or costs imposed as a result of enforcement proceedings before IIROC’s Hearing Panel. The report is updated quarterly and lists individuals who were disciplined by IIROC ("disciplined individuals") as early as June 1, 2008, when IIROC was created.
Penalties are imposed upon disciplined individuals by an IIROC Hearing Panel either:
• following a contested hearing, or
• by approval of a settlement agreement.
In addition to monetary penalties, disciplined individuals can be subject to other terms and conditions including suspension of their registration status with IIROC for a period of time. Disciplined individuals who fail to pay the amount owing within 60 days will be placed on the default payment list.
Please note that this report does not include matters where a disciplined individual has appealed or sought a review of a decision made by an IIROC Hearing Panel.
Details on penalties can be found by selecting the disciplined individual’s name in the Unpaid Fines Report.