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 |
|---|---|---|---|---|
| Smith, Mark | 24 September 2021 | $145,000 | ON | None |
| Smith, Michael Rolland | 2 June 2025 | $1,529,879.41 | NS | None |
| Smith, Preston Henry | 5 April 2019 | $105,000 | AB | None |
| Smith, Richard Stanford | 20 April 2016 | $11,500 | ON | None |
| Smith, Stephen Arnold | 8 February 2011 | $83,500 | ON | None |
| Smockum, Stephen | 8 February 2023 | $285,000 | ON | None |
| Snow, David | 25 November 2008 | $15,000 | NL | None |
| Sobrevilla, Arsenio | 23 April 2014 | $25,000 | MB | None |
| Soco, Lou Albert Cruz | 7 April 2026 | $518,067.25 | AB | None |
| Sojka, Henry | 14 September 2016 | $120,000 | BC | None |