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 |
|---|---|---|---|---|
| Wood, Daryl William | 14 October 2014 | $15,000 | BC | None |
| Wood, James | 4 April 2017 | $55,535 | PE | None |
| Woodward, Adam William | 12 February 2018 | $500,000 | AB | None |
| Yasinowski, Darryl Joseph | 25 June 2018 | $100,000 | SK | None |
| Yaskiw, Jamie Peter | 4 April 2016 | $145,000 | AB | None |
| Young, Karen Marie | 2 June 2010 | $42,500 | BC | None |
| Dahl, Sherman | 4 November 2016 | $40,000 | BC | Partial |
| Li, Yu Qiong (Kevin) | 21 September 2016 | $265,000 | BC | None |
| Renaud, Ferdinand | 24 May 2016 | $100,000 | BC | None |
| Sole, Robert | 28 July 2016 | $11,000 | ON | None |