FSRA issues notice of proposal to refuse to renew licence against Victor Ferreira and Ferreira Insurance & Investment Concepts Inc.
Ontario’s financial services regulator, FSRA, has initiated enforcement action against Victor Ferreira and Ferreira Insurance & Investment Concepts Inc.
FSRA alleges that Victor Ferreira (“Ferreira”) and Ferreira Insurance & Investment Concepts Inc. (“FIIC”) are not suitable to be licensed under the Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”) and its regulations, because they:
- Failed to pay administrative monetary penalties issued against them.
- Made material misstatements or omissions in applications for a licence.
FSRA is proposing to refuse to renew the life insurance agent licence issued to Ferreira and the corporate licence of FIIC.
Ferreira and FIIC have requested a hearing before the Financial Services Tribunal about this proposal.
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
Sr. Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]