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, Gary | 19 January 2016 | $32,500 | BC | None |
| Clarke, Jeremie Steven | 7 July 2011 | $18,000 | QC | Partial |
| Cohen, Idan | 22 February 2012 | $91,666 | ON | Partial |
| Cohen, Jamie | 23 February 2012 | $91,666 | ON | Partial |
| Cole, Henry | 3 February 2012 | $5,030,022 | ON | Partial |
| Collias, John Anastasious | 31 August 2009 | $10,000 | BC | None |
| Collias, John Anastasious | 5 July 2010 | $25,000 | BC | None |
| Connacher, David | 10 May 2011 | $571,316 | ON | Partial |
| Connor, Robert | 18 November 2015 | $40,000 | ON | None |
| Cooney, Patrick | 28 January 2011 | $100,000 | MB | None |