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 |
|---|---|---|---|---|
| Henschel, Stuart | 12 August 2014 | $257,500 | AB | None |
| Hesselink, Christiaan | 16 October 2013 | $407,500 | ON | None |
| Hewat, Richard | 20 December 2018 | $10,000 | ON | None |
| Hill, Albert | 10 June 2009 | $32,500 | ON | None |
| Ho, Kitty | 29 June 2015 | $82,500 | ON | None |
| Hoard, Graham | 23 February 2011 | $107,500 | AB | None |
| Hodge, Craig | 18 May 2013 | $90,000 | ON | None |
| Hoffar, Matthew Douglas | 20 February 2012 | $60,000 | BC | None |
| Holmes, Robert Bruce | 16 April 2014 | $125,000 | BC | None |
| Horvath, Martin | 22 October 2009 | $22,500 | ON | None |