Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) issued an order imposing two administrative penalties in the total amount of $20,000 on Meerwise Wais Habibzi. Meerwise Wais Habibzi provided false or deceptive information when dealing in mortgages contrary to section 43(2) of the Act

The Financial Services Regulatory Authority of Ontario (FSRA) issued an order imposing two administrative penalties in the total amount of $5,000 on Sandeep Singh Dhaliwal. Sandeep Singh Dhaliwal provided false or misleading statements and representations in the solicitation or registration of

The Canadian Securities Institute will help strengthen investor and consumer protection The Canadian Securities Institute (CSI), a Moody’s Analytics Company, has been approved by the Financial Services Regulatory Authority of Ontario (FSRA) as a credentialing body under the Financial Professionals

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Sanjay Pahuja. FSRA alleges that Sanjay Pahuja provided false or misleading information on his licensing applications contrary to subsection 45(1) of the Act. FSRA also alleges that Sanjay Pahuja

We are pleased to send you the April 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 warning consumers that Vip Sris is not licensed to conduct mortgage business in Ontario. It has been reported that an unlicensed operator going by the name Vip Sris, which is presumed to be fake, is conducting mortgage business with an

The Financial Services Regulatory Authority of Ontario (FSRA) is warning consumers to refrain from using General Invest Bank in Timmins to obtain insurance or a mortgage. The company is not licensed by FSRA to conduct insurance or mortgage business in Ontario and does not appear to be a bank

In this Pension eBlast A new fiscal year FSRA Reports Q1 2022 Solvency Report New processes and reminders New amendment process on the Pension Services Portal (Form 1.1) Introducing FSRA’s New Whistle-blower Program Coming soon: streamlined Annual Information Return for defined contribution pension

Initiative will offer enhanced protections for those willing to come forward FSRA is introducing a new Whistle-blower Program to more effectively identify misconduct in Ontario’s non-securities financial services sectors and better protect consumers. Whistle-blowers are a valuable source of

FSRA’s latest quarterly solvency report finds that the majority of Ontario pensions plans (85 per cent) were more than 100 per cent fully funded for the fifth consecutive quarter and are at the highest level since December 2009. While this is an encouraging sign, plan sponsors and administrators are