In 2014, IIROC began publishing the Unpaid Fines Report which lists advisors and individuals employed at IIROC-regulated firms who have failed to pay fines, disgorgement, and/or costs imposed as a result of enforcement proceedings before an IIROC Hearing Panel. Penalties are imposed upon disciplined individuals either:
- following a contested hearing; or
- by approval of a settlement agreement.
The report is intended to serve as an information tool to improve transparency. The report is not meant to be a list of individuals currently indebted to IIROC. Accordingly, the report may include the names of individuals who received a bankruptcy discharge subsequent to the order being made.
About the report
The Unpaid Fines Report:
- Lists individuals who were disciplined by IIROC ("disciplined individuals") as early as June 1, 2008, when IIROC was created.
- Includes disciplined individuals who have not paid the amounts imposed on them.
- Does not include matters where a disciplined individual has appealed or sought a review of a decision made by an IIROC Hearing Panel.
Learn more
How IIROC's Enforcement Process works
Unpaid Fines Report
| Individual | Date of Penalty Decision or Settlement Agreement | Amount of Fine, Disgorgement (if any) and/or costs | Province | Amount Paid |
|---|---|---|---|---|
| Ahn, Harold Hee | 24 May 2011 | $1,057,000 | ON | None |
| Ahrens, Robert Justin | 29 September 2014 | $20,000 | BC | None |
| Armstrong, Norman | 5 October 2015 | $103,978 | ON | None |
| Austin, Jeremy Nicholas Drew | 24 January 2017 | $280,000 | ON | None |
| Ballanger, Michael | 6 June 2018 | $15,000 | ON | None |
| Barkwell, Richard | 11 December 2018 | $10,000 | BC | None |
| Bateman, Scott | 28 May 2014 | $22,000 | BC | None |
| Bazilinsky, Michael | 2 March 2018 | $37,000 | ON | Partial |
| Beaulne, Benoit | 31 October 2012 | $41,491 | QC | None |
| Becher, Robert Campbell | 2 June 2014 | $25,000 | ON | Partial |