FSRA takes enforcement action against Victor Ferreira

The Financial Services Regulatory Authority of Ontario (FSRA) has issued an Order imposing conditions on the insurance agent licence of Victor Ferreira (“Ferreira”).

Ferreira and Ferreira Insurance and Investment Concepts Inc. (“FIIC”) contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (the “Act”) and its regulations by failing to pay administrative penalties imposed on them in the amounts of $30,000 and $45,000 respectively contrary to orders dated April 20, 2018, and to section 4(1) of Ontario Regulation 192/08.

FIIC withdrew its application to renew its insurance agent licence.

FSRA issued this order as a result of a settlement with Ferreira and FIIC.

Learn more:

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

For media inquiries:

Nicole Sherwin 
Senior Media Relations Officer 
Financial Services Regulatory Authority of Ontario 
C: 437-553-5633 
Email: [email protected]