Announcements

Ontario’s financial services regulator (FSRA) is establishing a new Technical Advisory Committee (TAC) for Auto Insurance Fraud. FSRA is looking for 8–10 experienced professionals to provide technical expertise and strategic advice. The TAC members will play a critical role in advancing FSRA’s Fraud

Ontario's financial services regulator, FSRA, has imposed an administrative penalty in the amount of $15,000 and a compliance order to cease and desist administering mortgages in Ontario on Razer Capital Corporation (Razer Capital). Razer Capital contravened section 5(2) of the Mortgage Brokerages

Ontario's financial services regulator, FSRA, has issued an Order refusing to renew the life and accident and sickness agent licence issued to Hong Wei Liao (“Liao”) under the Insurance Act, R.S.O. 1990, c.I.8., as amended (the “Act”) and its regulations. Liao is not suitable to hold a licence as an

Ontario’s financial services regulator, FSRA, wants to work with insurers to better understand the individual life & health (L&H) managing general agent (MGA) distribution landscape in Ontario, gain further insights into the insurer-MGA relationships, and ensure fair outcomes for consumers. On May

Ontario’s financial services regulator, FSRA, is warning consumers not to do business with Donald Newton Mason (Mason), Mason Built Financial Inc., Mason Built Financials and 1000111224 Ontario Inc. as they are not licensed to conduct mortgage brokering business in Ontario. There are potential risks

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

Today, the Ontario Superior Court of Justice appointed B. Riley Farber (BRF) as receiver of all assets, undertakings and properties of Sussman Mortgage Funding Inc. (SMFI) and certain related companies. The appointment resulted from FSRA’s application under the Mortgage Brokerages, Lenders and

Ontario's financial services regulator, FSRA, has imposed an administrative penalty of $50,000 and a compliance order on Daniel Emerson Tiffin (Tiffin). FSRA issued a Notice of Proposal on January 25, 2023. Tiffin requested a hearing before the Financial Services Tribunal (Tribunal). “Consumers

Ontario's financial services regulator, FSRA, has imposed an administrative penalty in the amount of $100,000 on Kostyantyn Poshtarenko (Poshtarenko). Poshtarenko contravened sections 392.2(6) the Insurance Act, R.S.O. 1990, c.I.8, as amended and section 2(1) of Ontario Regulation 347/04 by acting

Ontario’s financial services regulator, FSRA, is warning consumers that Wangro Antoun (“Antoun”), operating out of the Greater Toronto Area and Windsor, is not licensed to conduct insurance business in the province. FSRA recommends consumers avoid purchasing insurance, including auto insurance, from