Alert:
For more information on the cybersecurity incident, please visit the cybersecurity incident page.
Unpaid Fines Report
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 December 31, 2024
Unpaid Fines Report
| Individual | Date of Penalty Decision or Settlement Agreement | Amount of Fine, Disgorgement (if any) and/or costs | Province | Amount Paid |
|---|---|---|---|---|
| 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 |
| 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 |
Welcome to CIRO.ca!
You can find the Canadian Investment Regulatory Organization (CIRO) at CIRO.ca with our fresh look and feel.