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
Clarke, Jeremie Steven 7 July 2011 $18,000 Partial
Cohen, Idan 22 February 2012 $91,666 Partial
Cohen, Jamie 23 February 2012 $91,666 Partial
Cole, Henry 3 February 2012 $5,030,022 Partial
Collias, John Anastasious 31 August 2009 $10,000 None
Collias, John Anastasious 5 July 2010 $25,000 None
Connacher, David 10 May 2011 $571,316 Partial
Connor, Robert 18 November 2015 $40,000 None
Cooney, Patrick 28 January 2011 $100,000 None
Côté, François 8 May 2018 $6,250 Partial