Announcements

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

Working in Ontario will soon be easier for financial services professionals across Canada Beginning January 1, working in Ontario will become easier for financial services professionals across Canada. In early June, the Protect Ontario Through Free Trade Within Canada Act 2025 received Royal Assent

The Financial Services Regulatory Authority of Ontario, FSRA, has refused to renew the life insurance and accident and sickness insurance agent licence of Jasneet Singh Bajwa (“Bajwa”), and will impose conditions on the mortgage agent licence issued to Bajwa, should he reapply for one. Bajwa is no

FSRA’s rule will require insurers to provide enhanced annual statements that disclose total costs and performance The Financial Services Regulatory Authority of Ontario (FSRA) is taking steps to strengthen consumer protection and improve transparency for people who own individual variable insurance

The Financial Regulatory Authority of Ontario, FSRA, has initiated enforcement action against Poonam Chauhan (Chauhan). FSRA alleges that Chauhan is not suitable to be licensed under the Insurance Act, R.S.O. 1990, c.I.8, as amended (the “Act”), and its regulations as follows: by making false or

The Financial Services Regulatory Authority of Ontario, FSRA, has entered into a Minutes of Settlement to impose licence conditions on Gowthaman Balachandran (Balachandran). FSRA issued these Minutes of Settlement as a result of a settlement with Balachandran Learn more: Access our enforcement