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 |
|---|---|---|---|---|
| Mok, Gerard | 11 January 2016 | $507,500 | ON | None |
| Moldovan, Traian | 16 April 2014 | $125,000 | BC | Partial |
| Mondal, Probhash | 1 June 2015 | $110,000 | ON | None |
| Moran, Stephen | 9 November 2012 | $22,500 | QC | Partial |
| Morrison, Trevor Scott | 16 January 2009 | $61,000 | BC | None |
| Mott, Jila | 28 February 2024 | $783,600 | ON | None |
| Movassaghi, Mohammad | 14 December 2023 | $115,000 | BC | None |
| Movassaghi, Mohammad | 4 March 2022 | $160,000 | BC | None |
| Movassaghi, Mohammed | 28 June 2017 | $30,000 | BC | Partial |
| Moyaert, Daniel | 19 January 2010 | $55,000 | ON | None |