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
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

MFDA and IIROC have consolidated

As of January 1, 2023 the MFDA and IIROC have come together as New Self-Regulatory Organization of Canada (New SRO).

New SRO has assumed the regulatory responsibilities of the MFDA and IIROC.

We have set up an interim website for updates and information related to the New SRO including:

  • Executive Management
  • Governance
  • New SRO Rules
  • Member Application
  • Investor Office and the Investor Advisory Panel
  • Information concerning mutual fund dealers registered in Québec
  • Complaints
  • Careers

Enforcement proceedings, membership lists, continuing education, investor education resources and any other information not set out above continue to reside on www.mfda.ca and www.iiroc.ca.