FSRA imposes administrative penalties against James Hooker

Ontario’s financial services regulator, FSRA has issued an order to impose administrative penalties in the total amount of $23,425 against James Hooker (Hooker).

Hooker was previously licensed as a mortgage agent under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act). Hooker contravened the Act and its regulations as follows:

1. By dealing in mortgages for remuneration, without acting on behalf of a brokerage, contrary to subsection 2(3) of the Act.
2. By receiving renumeration from a person other than the brokerage he was authorized to deal in mortgages by, contrary to subsection 4(1) of Ontario Regulation 187/08.
3. By providing false or misleading information to FSRA, contrary to subsections 45 (1) and 45(2) of the Act.

FSRA issued this Order as a result of a settlement with Hooker.

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Access our enforcement database to see how FSRA is working to protect consumers through its monitoring and enforcement activities. 

For media inquiries:

Russ Courtney
Senior Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]