Unpaid Fines Report

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
Young, Karen Marie 2 June 2010 $42,500 None
​Dahl, Sherman 4 November 2016 ​$40,000 Partial
​Li, Yu Qiong (Kevin) 21 September 2016 ​$265,000 None
​Renaud, Ferdinand 24 May 2016 ​$100,000 None
​Sole, Robert 28 July 2016 ​$11,000 None