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 |
|---|---|---|---|---|
| Sampson, Darren Maurice | 2 July 2020 | $27,500 | ON | Partial |
| Sandink, Shawn | 19 July 2006 | $37,500 | ON | None |
| Sarker, Saifur | 6 February 2014 | $22,500 | ON | None |
| Sarkissian, Sarkis | 19 January 2010 | $625,000 | QC | Partial |
| Satti, Faisal | 27 August 2012 | $507,500 | ON | None |
| Sauder, Ian Douglas | 14 May 2010 | $225,000 | ON | None |
| Sawisky, Michael William | 24 August 2016 | $10,000 | BC | None |
| Scerbo, Gennaro | 21 December 2017 | $485,000 | MB | None |
| Scharfenberg, Kerry | 9 March 2009 | $525,000 | AB | None |
| Schayes, David Guy | 15 December 2014 | $90,000 | AB | None |