Announcements

Ontario's financial services regulator, FSRA, has issued an Order imposing an administrative penalty in the amount of $17,000 against Jensen Ocampo (Ocampo). Ocampo paid a rebate to 27 clients for the premiums for their life insurance policies, contrary to section 2(2) of Ontario Regulation 7/00 (in

Ontario’s financial services regulator (FSRA) is making it easier for consumers to apply for automobile accident benefits. In collaboration with industry stakeholders and the Insurance Bureau of Canada (IBC), FSRA has revised the Application for Accident Benefits (OCF-1) form. The revised version of

Ontario’s financial services regulator, FSRA has issued an order to impose administrative penalties in the total amount of $23,425 against James Hooker (Hooker). Hooker was previously licensed as a mortgage agent under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act). Hooker

Ontario’s financial services regulator, FSRA, has initiated enforcement action against Warden Wellness Centre Ltd (Warden Wellness) and Anusuya Gobinathan (Gobinathan). FSRA alleges that Warden Wellness is not suitable to be licensed under the Insurance Act, R.S.O. 1990, c.I.8 (Act) because it

Ontario's financial services regulator, FSRA has initiated enforcement action against Stephanie Vaarsi. FSRA alleges that Stephanie Vaarsi (“Vaarsi”) is not suitable to be licensed as a life insurance and accident and sickness insurance agent. Vaarsi is not of good character and reputation or

We are pleased to send you the November 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

Ontario’s financial services regulator, FSRA, has issued orders imposing administrative penalties of $17,500 on Real Mortgage Associates Inc. (RMA) and $15,000 on its principal broker, Rohan (Ron) De Silva (De Silva). RMA contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act

FSRA recruiting new members for its Consumer Advisory Panel Ontario’s financial services regulator (FSRA) is looking for new members to join its Consumer Advisory Panel. As a Panel member, your perspectives are considered when the regulator is developing policies or considering initiatives or

The Executive Vice President, Credit Union and Insurance Prudential at the Financial Services Regulatory Authority of Ontario (FSRA), Mehrdad Rastan, has been named Chair of the Credit Union Prudential Supervisors Association (CUPSA) for 2024-25. Rastan is transitioning to the role after previously

Ontario’s financial services regulator, FSRA, has initiated enforcement actions against Jasneet Singh Bajwa (Bajwa). FSRA alleges that Bajwa is not suitable to be licenced under the Insurance Act, R.S.O. 1990, c.I.8, as amended, and that Bajwa is not suitable to be licenced under the Mortgages