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Unpaid Fines Report
The Unpaid Fines Report is for information purposes only and is updated on a quarterly basis. The report lists individuals who failed to pay fines, disgorgement, or the costs imposed as a result of an enforcement proceeding before a CIRO Hearing Panel (or a prior IIROC or MFDA Hearing Panel).
Updated as of December 31, 2025
Unpaid Fines Report
| Individual | Date of Penalty Decision or Settlement Agreement | Amount of Fine, Disgorgement (if any) and/or costs | Province | Amount Paid |
|---|---|---|---|---|
| Grobbink Harmer, Marja | 22 August 2022 | $545,000 | SK | None |
| Groome, Reginald Alfred | 27 May 2013 | $94,198 | QC | None |
| Guglielmi, Michael | 5 January 2016 | $20,000 | ON | None |
| Gunderson, Trevor Ian | 13 November 2012 | $28,000 | AB | Partial |
| Gusain, Nand | 28 March 2019 | $22,500 | ON | None |
| Hall, Martin David | 6 March 2024 | $20,000 | NB | Partial |
| Haller, Kurt Andrew | 20 January 2017 | $114,500 | ON | None |
| Hamzi, Youssef | 11 July 2012 | $85,000 | ON | None |
| Harding, Randal William | 16 December 2011 | $167,861 | ON | None |
| Harrigan, Michael | 19 September 2019 | $75,000 | NS | None |
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