The Financial Post reports in its Thursday edition that Canada's investment product regulator says it imposed more than $14-million in fines and other financial enforcements in its last fiscal year. A Canadian Press dispatch to the Post quotes the Canadian Investment Regulatory Organization (CIRO) saying that the total also includes imposed costs and the forced return of ill-gotten profits. The regulator says it also ordered suspensions and permanent prohibitions in a significant proportion of proceedings against individuals. Enforcement efforts included a $2-million fine against Fortrade Canada for recommending a high-risk product to unsophisticated retail clients, and a $1.7-million fine and permanent ban on securities-related business against Paul Walker for a range of misconduct including soliciting more than $1.5-million in investments for an outside business activity. CIRO was created at the start of 2023 through a combination of the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada. The new self-regulatory organization says it is focused on consistency and timeliness with enforcement.