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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 |
|---|---|---|---|---|
| Karas, David | 1 June 2015 | $770,000 | ON | None |
| Kassam, Alykhan | 18 September 2019 | $15,000 | BC | None |
| Kazina, Andrew | 13 November 2024 | $351,000 | MB | None |
| Kelly, Scott | 17 January 2013 | $55,000 | ON | None |
| Kelly, Simon Christopher | 18 January 2024 | $80,000 | AB | None |
| Kendrick, Paula | 16 January 2018 | $37,000 | AB | Partial |
| Kent, Linda | 16 February 2011 | $245,000 | ON | None |
| Khaldi, Adib | 1 March 2024 | $25,000 | NS | None |
| Khodorkovski, Alex | 23 October 2012 | $2,500 | AB | None |
| Killins, Jennifer | 21 November 2011 | $55,000 | ON | Partial |
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