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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 |
|---|---|---|---|---|
| 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 |
| Hoshizaki, Vance Virgil | 13 December 2017 | $520,000 | ON | None |
| Hothi, Rajvir | 9 September 2020 | $96,500 | AB | None |
| Hounsome, Kathleen | 7 May 2015 | $2,500 | BC | Partial |
| Howell, Shaun Wayne | 2 December 2016 | $510,000 | AB | None |
| Hsueh, Bill | 26 April 2012 | $2,500 | ON | None |
| Huang, Henry | 10 August 2016 | $32,500 | ON | None |
| Huang, Lisa | 21 October 2016 | $57,500 | ON | None |
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