As the country’s biggest province, it’s no surprise that Ontario has the most IIROC registrants and the most fines outstanding since 2008—$18 million as of June 30, 2016.
But what may be surprising is that Ontarians owe more than their share of the national fines outstanding to IIROC: Ontario’s fines are 62% of the national total, but the province accounts for just 49% of approved persons in jurisdictions with outstanding fines. New Brunswick and P.E.I. are the other two provinces with a higher proportion of outstanding fines than approved persons.
B.C. and Quebec come in second and third in fines owed by dollar amount, but both provinces have a lower proportion of outstanding fines than they do approved persons.
Nationally, outstanding fines amount to almost $30 million. Alberta and Quebec are the only provinces where IIROC can use the courts to enforce sanction decisions. In 2015, the SRO only collected 13.2% of the fines against individuals across the country, versus 19.8% in 2014.
Read: IIROC wants court authority to collect fines
| Province | Fines outstanding* | Number of approved persons** | Provincial portion of fines | Provincial portion of approved persons |
| Ont. | $18 million | 13,888 | 61.8% | 49.1% |
| B.C. | $3.9 million | 4,555 | 13.4% | 16.1% |
| Que. | $3.4 million | 4,785 | 11.7% | 16.9% |
| Alta. | $2.02 million | 2,995 | 6.9% | 10.6% |
| N.B. | $1 million | 306 | 3.4% | 1.1% |
| Man. | $356,000 | 601 | 1.2% | 2.1% |
| Sask. | $203,000 | 568 | 0.7% | 2.0% |
| P.E.I. | $135,000 | 67 | 0.5% | 0.2% |
| N.S. | $110,000 | 503 | 0.4% | 1.8% |
*As of June 30, 2016. Source: IIROC
**As of March 31, 2016. Source: IIROC 2015-2016 Annual Report