Announcements

Ontario’s financial services regulator (FSRA) encourages people in all of the sectors we regulate to take a few minutes and complete a survey to identify areas of improvement. The survey is conducted every two years and looks at awareness of the work FSRA does, the ways it engages with stakeholders

Ontario's financial services regulator, FSRA, has initiated enforcement action against S.O.R.A. Real Estate & Insurance Ltd. operating as MIC Financial (MIC Financial) and Roberto Gabriel Mammone (Mammone). FSRA alleges that MIC Financial contravened the Mortgage Brokerages, Lenders and

Ontario's financial services regulator, FSRA, has initiated enforcement action against Tracy Scimeca and Antonino (Nino) Scimeca (Nino Scimeca). FSRA alleges that Tracy Scimeca contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act) and its regulations as follows: By dealing

Ontario's financial services regulator, FSRA, issued orders revoking the mortgage brokerage licence issued to Harold the Mortgage Closer Inc. (HTMC), refusing to renew the mortgage broker licence issued to Harold Gerstel (Gerstel), and imposing administrative monetary penalties in the total amount

Ontario’s financial services regulator (FSRA) is announcing new members to sit on its Consumer Advisory Panel (CAP). The CAP helps ensure consumer perspectives are considered when shaping policies or initiatives that impact you. New members are selected annually after a public call for applications

We are pleased to send you the April 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

Ontario’s financial services regulator (FSRA) is extending the deadline to submit feedback and comments on its Proposed Rule 2025-001 – Life and Health Insurance Managing General Agents. The consultation will now close on April 30, 2025. FSRA wants to ensure stakeholders have enough time to provide

Ontario's financial services regulator, FSRA, has initiated enforcement action against Happy Future Centre (HFC) and Nataly Belinska (Belinska). FSRA alleges that HFC and Belinska have engaged in an unfair or deceptive act or practice by charging for goods and services not provided contrary to

According to FSRA's Q3 2024-25 Sector Outlook Report, Ontario’s credit unions grew their assets, but profit margins remain under pressure. This is mainly because while loan interest income for credit unions was up and investment income was up slightly, these gains were more than offset by interest

Ontario's financial services regulator, FSRA, has imposed administrative penalties in the total amount of $145,000 against Yujun (Janet) Shi (Shi). Shi was previously licenced as a mortgage agent under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act). Shi contravened the Act as