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 |
|---|---|---|---|---|
| Becher, Robert Campbell | 2 June 2014 | $25,000 | ON | Partial |
| Beck, Gary | 17 July 2012 | $38,315 | ON | None |
| Beghin, Adriano | 27 January 2014 | $12,500 | ON | None |
| Beland, Alain | 18 November 2010 | $15,000 | QC | None |
| Belknap, John Richard | 19 May 2020 | $185,000.00 | ON | Partial |
| Benarroch, Georges | 16 February 2011 | $300,000 | ON | None |
| Benson, Roberta | 7 July 2021 | $40,000 | ON | None |
| Bergeron, Andre | 3 October 2008 | $75,000 | QC | None |
| Bergeron, Daniel Claude | 26 February 2013 | $45,000 | QC | None |
| Biduk, Roger Michael | 21 August 2013 | $150,000 | QC | None |