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 |
|---|---|---|---|---|
| Schoer, Roger | 26 May 2011 | $300,000 | ON | None |
| Schriver, Bruce | 6 October 2009 | $210,000 | PE | None |
| Schwartz, Ronald | 3 July 2018 | $235,000 | ON | None |
| Scoten, Samuel Ryan | 21 November 2012 | $55,000 | BC | None |
| Scribnock, Jacques James | 19 August 2014 | $1,507,500 | ON | None |
| Secord, Madrie | 7 August 2019 | $12,500 | ON | None |
| Shamseer, Savitri | 24 January 2011 | $55,000 | ON | None |
| Shaw, Robert Andrew | 3 November 2014 | $257,500 | ON | Partial |
| Shen, Libin | 6 July 2021 | $40,000 | ON | Partial |
| Shep, David Francis | 22 February 2010 | $100,000 | ON | None |