Announcements

Ontario’s financial services regulator, FSRA, wants to work with insurers to better understand the life & health (L&H) managing general agent (MGA) distribution landscape in Ontario, gain further insights into the insurer-MGA relationships, and ensure fair outcomes for consumers. On May 26, 2025

Ontario’s financial services regulator, FSRA, is warning consumers not to do business with Donald Newton Mason (Mason), Mason Built Financial Inc., Mason Built Financials and 1000111224 Ontario Inc. as they are not licensed to conduct mortgage brokering business in Ontario. There are potential risks

We are pleased to send you the May summary of key activities from the Financial Services Regulatory Authority of Ontario (FSRA). The newsletter is designed to help you quickly review key initiatives during the past month. Our goal is to provide you with relevant communications and information to

Today, the Ontario Superior Court of Justice appointed B. Riley Farber (BRF) as receiver of all assets, undertakings and properties of Sussman Mortgage Funding Inc. (SMFI) and certain related companies. The appointment resulted from FSRA’s application under the Mortgage Brokerages, Lenders and

Ontario's financial services regulator, FSRA, has imposed an administrative penalty of $50,000 and a compliance order on Daniel Emerson Tiffin (Tiffin). FSRA issued a Notice of Proposal on January 25, 2023. Tiffin requested a hearing before the Financial Services Tribunal (Tribunal). “Consumers

Ontario's financial services regulator, FSRA, has imposed an administrative penalty in the amount of $100,000 on Kostyantyn Poshtarenko (Poshtarenko). Poshtarenko contravened sections 392.2(6) the Insurance Act, R.S.O. 1990, c.I.8, as amended and section 2(1) of Ontario Regulation 347/04 by acting

Ontario’s financial services regulator, FSRA, is warning consumers that Wangro Antoun (“Antoun”), operating out of the Greater Toronto Area and Windsor, is not licensed to conduct insurance business in the province. FSRA recommends consumers avoid purchasing insurance, including auto insurance, from

Ontario’s financial services regulator (FSRA) is taking a critical step to help combat the effects of auto insurance fraud, with its proposed Fraud Reporting Service (FRS) Rule and Guidance. If approved, the FRS Rule will require auto insurers to provide specific auto insurance fraud information to

For the Financial Services Regulatory Authority of Ontario (FSRA), protecting consumers is at the heart of everything we do. To protect consumers, FSRA first needs to understand them. That’s why FSRA is committed to listening to Ontarians through consumer research, consultations, and engagement. By

Ontario's financial services regulator, FSRA, has imposed five (5) administrative penalties in the total amount of $30,000 on Ismail Ayyoub (Ayyoub). Ayyoub contravened section 3 of Ontario Regulation 187/08 by: Failing to take reasonable steps to ensure that 5 mortgages he presented to borrowers