Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Eli Benzaquen (Benzaquen). FSRA alleges that Benzaquen contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006 (Act) and its regulations as follows: By dealing in mortgages for

The Financial Services Regulatory Authority of Ontario (FSRA) has imposed a compliance order and an order imposing administrative penalties of $75,000 on McLaren Collision (McLaren) and $15,000 on Fady Warda (Warda). The compliance order prohibits McLaren and Warda from engaging in the business of

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Manpreet Kaur Dhillon (Dhillon). FSRA alleges that Dhillon is not suitable to be licensed under the Insurance Act because Dhillon: Failed to complete continuing education requirements thereby

FSRA accepting applications for grant funding The Financial Services Regulatory Authority of Ontario (FSRA) is using the money it collects from enforcement actions to help consumers with financial literacy, financial awareness and the understanding of market trends in the province. The funding must

New research looks at how people engage with financial advisors and how they pay them FSRA commissioned research to better understand how consumers engage with their financial advisor and their preferred method for paying for the services they receive. “By using research to better understand the

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Ranjit Dhillon, Aid Almusri (Almusri), Kamal Dhillon and Mortgage Smart Inc. (Mortgage Smart). FSRA alleges that Mortgage Smart contravened the Mortgage Brokerages, Lenders and Administrators Act

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Preeti Amin (Amin), Raaj Vikash (Roger) Kalwaney (Kalwaney), and Canada Mortgage Group Inc. also operating as Dominion Lending Centres Canada Mortgage Group (Canada Mortgage Group). FSRA alleges

Have your say on FSRA’s proposed priorities The Financial Services Regulatory Authority of Ontario (FSRA) is launching a public consultation on its proposed 2024-25 Statement of Priorities and budget. The focus is on principles-based regulation while delivering on outcomes that protect the public

We are pleased to send you the October 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) is taking steps to better protect consumers in the market for life and health insurance. To correct troubling business practices, many of which are outlined in two new reports, FSRA has begun implementing a six-point action plan, which