FSRA takes enforcement action against Sabine Quattrociocchi and Diamond Capital Investments Inc.

The Financial Services Regulatory Authority of Ontario (FSRA), has imposed administrative penalties in the total amount of $30,000 against Sabine Quattrociocchi (Quattrociocchi) and $20,000 against Diamond Capital Investments Inc. (Diamond Capital).

Quattrociocchi contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29, as amended (the Act) as follows:

• By dealing in mortgages without a licence or while not acting on behalf of a mortgage brokerage twice contrary to section 2(3) of the Act; and
• By providing false or misleading information to FSRA, contrary to section 45 of the Act.

Diamond Capital contravened the Act by carrying on the business of administering mortgages without a licence or valid exemption contrary to section 5(2) of the Act.

FSRA issued these Orders as a result of a settlement with Quattrociocchi and Diamond Capital.

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]