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 |
|---|---|---|---|---|
| Visanji, Mahmoud | 28 November 2014 | $455,000 | ON | None |
| Visneskie, Mervin | 21 June 2018 | $665,531 | ON | None |
| Vitch, David | 12 September 2011 | $55,000 | ON | None |
| Vitug, Julius Caesar Phillip | 12 August 2010 | $445,000 | ON | Partial |
| Voncina, Gary | 22 October 2010 | $15,500 | AB | Partial |
| Voyer, Carol | 3 November 2011 | $45,000 | QC | Partial |
| Waddington, Russell | 17 July 2017 | $11,000 | BC | Partial |
| Wagner, Mark | 13 December 2019 | $20,000 | BC | None |
| Walker, Paul | 28 March 2024 | $1,688,772 | ON | None |
| Warren, Rodney | 5 May 2016 | $100,000 | BC | None |