What are the chances of collecting the fine? CIRO currently has $147 million in unpaid fines dating back to 2004. Remarkably, CIRO operated at a financial loss in 2024. How is that possible? When an organization is funded by the same entities that exploit the privilege of self-regulation— unethical individuals who engage in misconduct without accountability—such outcomes are inevitable. The system is rigged in Canada against unsuspecting and ill informed investors.

This reflects a complete systemic failure in Canada, where a two-tier system enables financial wrongdoers to operate with impunity while regulators issue fines that are largely symbolic and unenforceable.

A glance at the SEC reveals hundreds of cases involving repeat offenders from Canada, underscoring the lack of effective enforcement or care within the Canadian financial system.

The ongoing inability to hold financial criminals accountable highlights a troubling reality in Canada: an environment that not only tolerates but enables such behavior, at the expense of individual investors and the integrity of the entire system. Shame on CANADA. corrupt country.