Announcements

Ontario's financial services regulator, FSRA, has initiated enforcement action against 2748204 Ontario Inc. operating as Flex Home Loans (Flex Home Loans) and Michael Yosher (Yosher). FSRA alleges that Flex Home Loans’ and Yosher’s conduct affords reasonable grounds for belief that Flex Home Loans

FSRA's Q4 2024-25 Sector Outlook Report, which is a snapshot in time, showed that Ontario’s credit unions grew their assets. As of December 31, 2024, total sector assets reached $99.61 billion, reflecting a year-over-year increase of $3.25 billion or 3.37%. The Report highlights several key

Ontario’s financial services regulator (FSRA) has released its Licensing and Market Conduct Enforcement Report. This work underscores FSRA’s commitment to transparency and reinforces consumers' confidence in working with appropriately licensed professionals. “The majority of licence holders are

FSRA grant funding applications for financial education and research now open Ontario’s financial services regulator, FSRA, is supporting financial literacy and better protecting consumers through its second annual proceeds from enforcement grant application program. “Now in our second year, the

Ontario’s financial services regulator, FSRA, revoked the service provider licence of Warden Wellness Centre Ltd. (Warden Wellness) and imposed an administrative penalty of $10,000 on Anusuya Gobinathan (Gobinathan). Warden Wellness provided false, misleading and incomplete information to FSRA

Ontario’s financial services regulator, FSRA, is encouraging credit union professionals and sector stakeholders to apply for membership on two of its Credit Union Technical Advisory Committees (TACs): Credit Union Policy Initiatives (CUPI) (formerly known as Supervisory and Regulatory Initiatives)

Ontario's financial services regulator, FSRA, has imposed an administrative penalty in the amount of $25,000 on Murteza Mohamedali (Mohamedali) and conditions on Mohamedali’s life insurance and accident & sickness insurance agent licence. The Financial Services Tribunal found that Mohamedali

Ontario's financial services regulator, FSRA, has imposed an administrative penalty of $5,000 on Donald Newton Mason (Mason) and suspended Mason’s life insurance and accident & sickness insurance agent licence. Mason failed to provide requested information to FSRA, contrary to subsection 442.3(1) of

Fraud drives up the cost of auto insurance for everyone operating a vehicle. That’s why Ontario’s financial services regulator (FSRA) is taking a critical step to help combat the effects of auto insurance fraud, with its Fraud Reporting Service (FRS) Rule and Guidance. The Rule, which has now been

Ontario’s financial services regulator, FSRA, is releasing its property and casualty (P&C) insurance market conduct supervision strategic plan (SSP). Under the SSP, FSRA will identify and assess risks to better protect consumers and maintain public confidence in the sector. This approach will allow