Announcements

Ontario’s financial services regulator, FSRA, is warning consumers that Glendale Financial Group Ltd. (“Glendale Financial”) is not licensed to conduct insurance business in the province. Glendale Financial is believed to be a personal loan broker operating out of the Greater Toronto and Hamilton

Ontario’s financial services regulator, FSRA, is warning consumers that a business using the name of Sunray Federal Credit Union (also known as Sunray Credit Union) is not a registered credit union in Ontario. We encourage consumers to be careful if contacted by Sunray Federal Credit Union or anyone

FSRA releases 2023 Consumer Advisory Panel Annual Report FSRA’s Consumer Advisory Panel provides a consumer perspective to help inform the regulator’s work and deliver on its vision of financial safety, fairness and choice for Ontarians. The panel meets regularly and offers advice on FSRA’s

Ontario's financial services regulator, FSRA, has initiated enforcement action against Forest City Funding Inc. (FCF) and William Handsaeme (Handsaeme). FSRA alleges that FCF contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act) and its regulations as follows: By giving

On behalf of the FSRA Board, the executive and staff, I want to congratulate CEO Mark White on his nomination for Chair of the Ontario Energy Board. The appointment must be reviewed by the Standing Committee on Government Agencies and we wish him all the best as the appointment works its way through

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

Ontario’s financial services regulator, FSRA has refused the mortgage agent licence of Dewan Ahmed (“Ahmed”). Ahmed is not suitable to be licensed as a mortgage agent because Ahmed made a false statement and has provided false information with respect to the application for the license. Ahmed’s past

Ontario’s financial services regulator (FSRA) is taking steps to better protect the rights of individuals who are injured in a motor vehicle accident and ensure health service providers (HSPs) comply with their regulatory obligations. During the past two fiscal years, FSRA conducted three

Ontario’s financial services regulator, FSRA, has initiated enforcement action against Gowthaman Balachandran (“Balachandran”). FSRA alleges that Balachandran is not suitable for licensing having regard to the circumstances prescribed under the Mortgage Brokerages, Lenders and Administrators Act

To help ensure homebuyers and mortgage investors are treated fairly, Ontario’s financial services regulator, FSRA, is proposing Guidance to raise the overall professionalism of the mortgage brokering sector. The Guidance for mortgage brokerages and principal brokers sets out proposed practices to