Announcements

The Financial Services Regulatory Authority of Ontario, FSRA, has initiated enforcement action against Sanjive Kumar (Sam) Joshi (Joshi). FSRA alleges that Joshi contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act) and its regulations by: Carrying on business as a mortgage

FSRA's Q2 and Q3 2025-26 Sector Outlook Reports, which are snapshots in time, showed that profitability at Ontario’s Credit Unions remained strong and assets continued growing during a period of global economic volatility and uncertainty. Q2 Highlights As of the end of Q2 2025, total sector assets

The Financial Services Regulatory Authority of Ontario (FSRA) is strengthening its oversight of the Property & Casualty (P&C) insurance sector through the establishment of a dedicated P&C Division. The Division’s initial focus will be on market conduct and ultimately be consolidated with prudential

On this page Welcome Homebuyers need to know the true cost of their mortgage, and that’s not always the case Make sure you’re prepared for a cyber attack Avoid risk - Do not assume the status of an investor or lender Mortgage administrators: you may need a brokerage licence Helping to prevent money

The Financial Regulatory Authority of Ontario, FSRA, has initiated enforcement action against John (Johnny) Chehade (Chehade), Rhett Richard (Richard Rhett) McClenaghan (McClenaghan) and 2078637 Ontario Inc. operating as Forest City Living (Forest City Living). FSRA alleges that Chehade and

The Financial Services Regulatory Authority of Ontario, FSRA, has initiated an enforcement action against Rajesh Narayanan Ramdass Raja (Ramdass Raja). FSRA alleges that Ramdass Raja is not suitable to be licensed under the Insurance Act, R.S.O. 1990, c.I.8 and its regulations because he repeatedly

The Financial Services Regulatory Authority of Ontario (FSRA) is pleased to announce the appointment of Wing-Yee Wong as Chief Financial Officer (CFO), effective February 2, 2026. Ms. Wong brings more than 20 years of financial leadership experience in complex public sector environments. Most

The Financial Services Regulatory Authority of Ontario, FSRA, has issued a compliance order against Yashna Singh (Singh) and has imposed nine administrative penalties in the total amount of $75,000 against Singh. The Financial Services Tribunal found that Singh contravened the Mortgage Brokerages

The Financial Services Regulatory Authority of Ontario, FSRA, has imposed conditions on the mortgage broker licence issued to Rahman Mohammed (Mohammed) and imposed administrative penalties in the total amount of $15,000 on Mohammed. Mohammed: Failed to take reasonable steps as the Principal Broker

We are pleased to send you the January 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