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 |
|---|---|---|---|---|
| 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 |
| 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 |
Welcome to CIRO.ca!
You can find the Canadian Investment Regulatory Organization (CIRO) at CIRO.ca with our fresh look and feel.