Announcements

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

Ontario’s financial services regulator, FSRA, is warning consumers that Hero Life Insurance is not licensed to conduct insurance business in the province. We urge consumers not to obtain insurance products from or those that have been arranged through Hero Life Insurance. Consumers are not protected

Ontario's financial services regulator, FSRA, has issued an Order refusing to issue the life insurance agent licence to Loretto Ifeoma Okafor (“Okafor”) under Insurance Act, R.S.O. 1990, c.I.8, as amended and its regulations. Okafor is not suitable to hold a licence as a life insurance agent because

FSRA is warning consumers and businesses to look out for fake or fraudulent documents using FSRA’s name, letterhead and logo. It recently came to our attention that FSRA’s name, letterhead and logo were added to documents suggesting that FSRA had endorsed the release of funds between individuals. If

Ontario's financial services regulator, FSRA, has permitted Cheng (Kevin) Qi (Qi) and Hui Wen (Polly) Liu (Liu) to surrender their insurance agent licences under the Insurance Act, R.S.O. 1990, c.I.8 (Act). Qi and Liu demonstrated incompetence and untrustworthiness to transact the insurance agency

Ontario's financial services regulator, FSRA, has imposed six (6) administrative penalties in the total amount of $35,000 on Maryam Hasaballah (Hasaballah). Hasaballah contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act) and its regulations as follows: By failing to take

Ontario's financial services regulator, FSRA, has revoked the life insurance and accident & sickness insurance agent licence of Daniel Lath (Lath) and imposed two administrative penalties in the total amount of $15,000 against Lath. Lath made false or misleading statements or representations in the

On this Pension Awareness Day, FSRA encourages you to plan for the kind of life you want after work A recent poll commissioned by Ontario’s financial services regulator (FSRA) found that Ontarians agree that saving for retirement is a higher priority compared to saving for a vacation or new car

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