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 |
|---|---|---|---|---|
| Levine, Sandra | 8 March 2013 | $32,500 | ON | None |
| Levy, Jeffrey | 19 May 2010 | $27,500 | ON | None |
| Lewis, James | 24 October 2022 | $25,000 | ON | Partial |
| Lewis, Robert | 12 November 2015 | $195,000 | BC | None |
| Li, Meng Xi (Erin) | 16 January 2020 | $107,500 | BC | None |
| Li, Xavier Cheng Kuo | 18 December 2015 | $42,500 | BC | None |
| Li, Yan Feng (Frank) | 12 September 2017 | $2,500 | ON | None |
| Li, Yu Qiong (Kevin) | 21 September 2016 | $265,000 | BC | None |
| Lieff, Louis Josh | 16 December 2025 | $453,073 | ON | None |
| Lindsay, Mark | 2 June 2011 | $510,000 | ON | None |