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 |
|---|---|---|---|---|
| Lipovetsky, Daniel | 3 July 2013 | $87,500 | ON | None |
| Lipski, Piotr | 12 October 2010 | $30,000 | BC | None |
| Lloyd, Paul | 26 February 2008 | $47,500 | ON | None |
| Lo, Ernest Ming | 3 April 2006 | $37,000 | ON | None |
| Lohrisch, Dirk Christian | 26 July 2010 | $67,000 | BC | None |
| Longchamps, Jeffrey | 28 January 2010 | $858,922 | ON | None |
| Longchamps, Michele | 28 January 2010 | $1,607,844 | ON | None |
| Lougheed, Andrew John | 18 August 2025 | $109,531 | ON | None |
| Lowe, Doreen | 7 November 2013 | $100,000 | BC | None |
| Lower, Scott Phillip | 11 August 2009 | $55,065 | BC | None |