FSRA imposes administrative penalties and a compliance order against Millicent Prince
Ontario’s financial services regulator, FSRA, has imposed a compliance order and two administrative penalties in the total amount of $5,000 against Millicent Prince (“Prince”).
Prince was previously licensed as a mortgage agent under the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29, as amended (the “Act”). Prince contravened the Act and its regulations as follows:
- By dealing in mortgages without a mortgage broker or a mortgage agent licence, contrary to section 2(3) of the Act; and
- Using the title of “mortgage agent” while not licensed as a mortgage agent, contrary to section 11(5) of the Act.
FSRA issued these orders as a result of a settlement with Prince.
Learn more:
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]
Enforcement Actions