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 |
|---|---|---|---|---|
| Winer, Philip | 19 June 2019 | $18,000 | ON | None |
| Wong, Albert Ying Yuen | 8 June 2023 | $11,000.00 | AB | Partial |
| Wong, Hector | 29 October 2010 | $125,000 | ON | None |
| 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 |
Welcome to CIRO.ca!
We have a new look! You can find the Canadian Investment Regulatory Organization (CIRO) at CIRO.ca with our fresh look and feel.
You can now find new publications published by CIRO since January 1, 2023 on CIRO.ca. If you are looking for past notices or bulletins published by MFDA or IIROC, you can find those on our legacy websites. Enforcement related content will continue on those websites as well.
You can now find previous Annual Reports and Enforcement Reports on CIRO.ca, along with Halts and Resumption, and our ePublications sign up (for all previous MFDA and IIROC subscriber lists).
We will continue moving items off MFDA and IIROC in 2023/2024. Stay tuned for future updates.