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 |
|---|---|---|---|---|
| Rudensky, Andrew Paul | 9 July 2019 | $80,423 | ON | None |
| Ruemper, Douglas Bryan | 25 May 2010 | $27,500 | BC | Partial |
| Rush, Robert | 2 February 2014 | $100,000 | BC | None |
| Rutledge, Christopher | 2 November 2017 | $30,000 | ON | None |
| Rutledge, Jeffrey | 11 February 2023 | $2,478,974 | BC | None |
| Ryan, Darlene Catherine | 10 May 2012 | $1,007,500 | NB | None |
| Ryan, Mike | 6 April 2011 | $107,500 | ON | None |
| Saavedra, Juan Carlos | 20 November 2024 | $105,000 | AB | None |
| Sadiq, Muhamad | 2 November 2022 | $799,663 | ON | None |
| Sammy, Krishna | 4 May 2016 | $325,000 | ON | None |