Announcements

On behalf of the FSRA Board, the executive and staff, I want to congratulate CEO Mark White on his nomination for Chair of the Ontario Energy Board. The appointment must be reviewed by the Standing Committee on Government Agencies and we wish him all the best as the appointment works its way through

We are pleased to send you the May summary of key activities from the Financial Services Regulatory Authority of Ontario (FSRA). The newsletter is designed to help you quickly review key initiatives during the past month. Our goal is to provide you with relevant communications and information to

Ontario’s financial services regulator, FSRA has refused the mortgage agent licence of Dewan Ahmed (“Ahmed”). Ahmed is not suitable to be licensed as a mortgage agent because Ahmed made a false statement and has provided false information with respect to the application for the license. Ahmed’s past

Ontario’s financial services regulator (FSRA) is taking steps to better protect the rights of individuals who are injured in a motor vehicle accident and ensure health service providers (HSPs) comply with their regulatory obligations. During the past two fiscal years, FSRA conducted three

To help ensure homebuyers and mortgage investors are treated fairly, Ontario’s financial services regulator, FSRA, is proposing Guidance to raise the overall professionalism of the mortgage brokering sector. The Guidance for mortgage brokerages and principal brokers sets out proposed practices to

Ontario’s financial services regulator, FSRA, has initiated enforcement action against Gowthaman Balachandran (“Balachandran”). FSRA alleges that Balachandran is not suitable for licensing having regard to the circumstances prescribed under the Mortgage Brokerages, Lenders and Administrators Act

Ontario’s financial services regulator, FSRA, has initiated enforcement action against Shah Ata Hussain Faridi (“Faridi”). FSRA alleges that Faridi is not suitable for licensing having regard to the circumstances prescribed under the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O

Ontario's Financial Services Regulator, FSRA, has revoked the mortgage broker licence issued to Reza Nezami-Nia (Nezami-Nia). Nezami-Nia is no longer suitable to be licensed under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act). This is because, as principal broker and sole

Ontario's Financial Services Regulator, FSRA, has imposed an administrative penalty of $10,000 and licence conditions on James Michalopoulos (Michalopoulos). Michalopoulos provided false or misleading information to FSRA on his 2022 licence renewal application contrary to section 45 of the Mortgage

FSRA finalizes Guidance on public warnings Ontario’s financial services regulator (FSRA) is taking steps to better inform and caution consumers about doing business with people who are unlicensed or who are engaging in unlawful or deceitful behaviour. FSRA is publishing final Guidance on how we