Announcements

Ontario's financial services regulator, FSRA, has issued an Order refusing to issue a service provider’s licence to Yan Jiang (“Jiang”) under Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”) and its regulations. Jiang is not suitable to hold a licence as a service provider because she

Ontario’s financial services regulator, FSRA, has revoked the Mortgage Agent Level 1 licence and refused to issue the Mortgage Agent Level 2 licence to Shah Ata Hussain Faridi (“Faridi”). Faridi is no longer suitable to be licensed as a Mortgage Agent Level 1 and not suitable to be licensed as a

Ontario’s financial services regulator, FSRA, has imposed an administrative penalty of $100,000 and a compliance order on Ulrich Fabrice Avognon (Avognon). Avognon sought payment for goods or services related to a claim under an insurance contract that were either not provided to a claimant or were

Ontario's financial services regulator, FSRA, has imposed eighteen (18) administrative penalties in the total amount of $25,000 on Avraj Singh Dulay (Dulay). Dulay fabricated documents in connection with several property purchase transactions, contrary to section 43(2) of the Mortgage Brokerages

Ontario's financial services regulator, FSRA, has revoked the insurance agent licence of Nakhwattie (Debbie) Somai (Somai). Somai repeatedly failed to provide requested information to FSRA and breached a licensing condition by not facilitating an examination by FSRA, contrary to sections 442.3(3)

Ontario's financial services regulator, FSRA, has revoked the insurance agent licence of Robert Randall Hawken (Hawken) and the corporate insurance agent licence of Dufferin Insurance Group (DIG). Hawken, the sole Director of DIG, and DIG are no longer suitable to be licensed under the Insurance Act

Ontario's financial services regulator, FSRA, has initiated enforcement action against Hong Wei Liao (“Liao”). FSRA alleges Liao is not suitable to be licensed under the Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”) and its regulations. Liao is not of good character and reputation or

FSRA seeks public feedback on proposed rule for life and health managing general agents (L&H MGAs) Ontario’s financial services regulator (FSRA) is proposing a new rule to better protect consumers and strengthen oversight of life and health insurance managing general agents (L&H MGAs). It will also

Ontario's financial services regulator, FSRA, has initiated enforcement action against Jonathan Matthew Warden (Warden). FSRA alleges that Warden failed to respond to FSRA inquiries within the required period and failed in his duty to provide prompt, complete information, contrary to sections 442.1

The Financial Services Regulatory Authority of Ontario (FSRA) is pleased to announce the appointment of Dexter John as its new Chief Executive Officer, effective March 1, 2025. Dexter John brings more than 25 years of leadership experience in founding and managing organizations, governance, risk