Announcements

Ontario’s financial services regulator, FSRA, has initiated enforcement action against Masoud Asnafi (“Asnafi”), Rohan De Silva (“De Silva”), Real Mortgage Associates Inc. (“RMA”), and Approved Mortgage Brokers Inc. (“AMB”). FSRA is proposing to refuse to renew the mortgage broker licence issued to

Joanne De Laurentiis, Chair of the Financial Services Regulatory Authority of Ontario (FSRA), is pleased to announce the extension of terms for two board members, Kathryn Bouey and Brent Zorgdrager. Ms. Bouey’s term has been extended to December 28, 2024, while Mr. Zorgdrager’s term has been

Ontario's financial services regulator, FSRA, has refused to renew the Life Insurance and Accident Sickness Insurance Agent licence of Manpreet Kaur Dhillon (“Dhillon”), and confirmed summary administrative penalty of $1,000. Dhillon contravened sections 14 and 8(b) of Ontario Regulation 347/04

The term for Joanne De Laurentiis, Chair of the FSRA Board of Directors, has been extended for an additional year. This extension ensures continuity for the FSRA Board, allowing it to continue its strategic direction and oversight. Joanne's continued leadership will be instrumental in guiding FSRA's

Ontario’s Financial Services Regulator, FSRA has refused to renew the mortgage agent licence of Manpreet Ghai (Ghai) and imposed administrative penalties in the total amount of $18,000 against Ghai. Ghai was previously licensed as a mortgage agent under the Mortgage Brokerages, Lenders and

Ontario’s financial services regulator, FSRA, believes companies providing home insurance can improve their claims handling processes to better support the fair treatment of consumers. This was the conclusion of FSRA’s first Home Insurance Thematic Review of 20 property and casualty (P&C) insurers

Ontario life insurance customers can be confident that they can invest in new individual segregated fund contracts and access their money later with no surprise sales charge fees. Ontario’s financial services regulator (FSRA) performed an industry compliance check to ensure life insurance companies

Ontario’s financial services regulator (FSRA) is taking steps to ensure borrowers and investors receive mortgage products that suit them and meet their needs and circumstances. FSRA is releasing final Guidance to help licensed mortgage professionals better understand their regulatory duties to

Ontario’s financial services regulator, FSRA has revoked the mortgage brokerage licence of Valor Financial Corp. (“Valor”). Valor is not suitable to be licensed as the past conduct of Ian Vilafana (“Vilafana”), its sole director and principal broker during the relevant time, affords reasonable

Ontario's financial services regulator, FSRA, has initiated enforcement action against Mai Anh (Cindy) Tran (Tran). FSRA alleges that Tran contravened section 4(1) of Ontario Regulation 187/08 by receiving funds outside of the brokerage, and contravened the Mortgage Brokerages, Lenders and