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 |
|---|---|---|---|---|
| Blanchard, Shelley | 10 April 2013 | $5,000 | ON | None |
| Blythe, Kindle | 25 June 2020 | $10,500 | BC | None |
| Bodnarchuk, Edward Peter | 1 October 2018 | $120,000 | MB | None |
| Bond, Garry Walter | 20 June 2017 | $22,000 | ON | Partial |
| Bortolin, Sandy Joseph | 13 March 2012 | $600,000 | ON | None |
| Boswell, Robert William | 24 November 2008 | $125,000 | AB | Partial |
| Brodie, John Edward | 5 July 2013 | $80,000 | NS | None |
| Brum, Paul | 7 October 2020 | $10,000 | BC | None |
| Buskell, John D.W. | 25 June 2008 | $81,836 | AB | None |
| Chang, Lawrence Bradley | 20 January 2014 | $107,500 | BC | None |