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 |
|---|---|---|---|---|
| Petriccione, Anthony | 6 May 2010 | $52,000 | ON | None |
| Phillips, Christopher Raymond | 10 March 2015 | $82,500 | NB | None |
| Phillips, David Charles | 2 October 2013 | $2,115,111 | ON | None |
| Phillips, Donald Earl | 5 February 2015 | $110,000 | MB | None |
| Phillips, Melaney | 16 November 2011 | $315,350 | BC | None |
| Phillips, Robert | 9 December 2016 | $157,500 | AB | None |
| Phillips, Robert Mortimer | 6 March 2010 | $125,000 | QC | None |
| Piett, Lorne | 24 July 2012 | $182,500 | SK | None |
| Pigeau, Stephen | 19 March 2013 | $72,500 | ON | None |
| Piggott, Cory | 28 June 2007 | $121,565 | ON | None |