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 June 30, 2026
Unpaid Fines Report
| Individual | Date of Penalty Decision or Settlement Agreement | Amount of Fine, Disgorgement (if any) and/or costs | Province | Amount Paid |
|---|---|---|---|---|
| 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 |
| 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 |
| Hartner, Ula | 31 January 2018 | $45,000 | BC | None |
| Harvey, Michael | 4 January 2012 | $85,000 | BC | None |
| Harvey, Michael Darrell | 12 July 2012 | $70,000 | ON | None |