Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) is pleased to announce the appointment of two new members to its Consumer Advisory Panel (CAP). The CAP helps ensure that consumer perspectives are considered when shaping policies and initiatives that affect Ontarians. The new members

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

The Financial Services Regulatory Authority of Ontario, FSRA, has imposed an administrative penalty in the amount of $1,750 against Hardeep Minhas (Minhas). Minhas engaged in an unfair or deceptive act or practice, contrary to section 439 of the Insurance Act, RSO 1990, c. I.8, as amended (the Act)

The Financial Services Regulatory Authority of Ontario (FSRA), has initiated enforcement action against Sukhraj Atwal (Atwal), Baiju Vijayaraghavan (Vijayaraghavan) and Balwinder Chouhan (Chouhan). Atwal is not and has never been licensed by FSRA. FSRA alleges that Atwal contravened the Mortgage

The Financial Services Regulatory Authority of Ontario, FSRA has imposed administrative monetary penalties in the total amount of $60,000 against Harold Gerstel (Gerstel) and $150,000 against Esther Gerstel Inc. (EGI), and a compliance order restricting EGI from the business of mortgage lending

The Financial Services Regulatory Authority of Ontario, FSRA, has imposed twelve administrative penalties in the total amount of $25,000 against Pritpal Sandhu (Sandhu). Sandhu repeatedly gave false or deceptive information when dealing in mortgages in Ontario, contrary to subsection 43(2) of the

The Financial Services Regulatory Authority of Ontario, FSRA, has initiated enforcement action against Mohsen Molsen Hanasavha (Hanasavha) and Ali Kiani Nejad (Nejad). FSRA alleges that Hanasavha dealt in mortgages and received remuneration outside his authorizing brokerage, contrary to section 2(3)

The Financial Services Regulatory Authority of Ontario (FSRA) releases its 2025 Ontario Pensions Sector Overview and Activities Report. The findings are based on pension plans regulated by FSRA as of December 31, 2025. The report provides an analysis of Ontario’s workplace pension landscape

The Financial Services Regulatory Authority of Ontario, FSRA, has imposed a compliance order and administrative penalties in the total amount of $3,500 against Iftikhar Ahmad Qadeer (Qadeer). Qadeer contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c. 29, as

The Financial Services Regulatory Authority of Ontario, FSRA, has imposed compliance orders against Assureway Protection Corporation (Assureway Protection) and its sole officer and director Shiraz Hussain (Hussain). Assureway Protection and Hussain contravened the Insurance Act, RSO 1990, c. I.8, as