Announcements

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Patricia Porretta (Porretta). FSRA alleges that Porretta provided false or deceptive information when dealing in mortgages, contrary to section 43(2) of the Mortgage Brokerages, Lenders and

The Financial Services Regulatory Authority of Ontario (FSRA) is the regulatory body for Ontario's property and casualty (P&C) and general insurance sector. Ensuring the fair treatment of consumers in the P&C insurance sector is a key FSRA priority. Since launch, FSRA developed a comprehensive

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Tejpal Mann (Mann) and Daniel Emmerson Tiffin (Tiffin). FSRA alleges that Mann contravened the Insurance Act (Act) by directly or indirectly paying or allowing compensation to be paid to a non

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against My Mortgage Auction Corp. (MMAC) and Gregory Joseph Martel (Martel). FSRA alleges that Martel and MMAC are not suitable to be licensed under the Mortgage Brokerages, Lenders and Administrators Act

The Financial Services Regulatory Authority of Ontario (FSRA) is taking action to ensure life insurance agent candidates act with honesty and integrity and industry standards are protected. FSRA has received reports of cheating by some candidates writing the virtual Life Licence Qualification

The Financial Services Regulatory Authority of Ontario (FSRA) imposed administrative penalties in the total amount of $20,000 against Sudeep Sharma (Sharma). Sharma contravened the Insurance Act and its regulations by: Making false and misleading statements or representations in the solicitation or

The Financial Services Regulatory Authority of Ontario (FSRA) revoked the insurance agent licence of Susan Keshen (Keshen), refused her application to renew her licence, and imposed administrative penalties in the total amount of $18,000 against her. Keshen contravened the Insurance Act and its

Credit Union Total Assets Grow while Profitability Decreased and Delinquencies Increased over the Past Year In its first 2023 quarterly outlook report for the credit unions and caisses populaires sector, the Financial Services Regulatory Authority of Ontario (FSRA) found that while there was year

The Q4 Service Standards Scorecard has FSRA meeting or exceeding performance targets 97% of the time FSRA continues to maintain high service standards for the benefit of Ontario consumers. In its fourth quarter service standards report, FSRA met or exceeded performance targets 97% of the time. The

Financial Services Regulatory Authority of Ontario Chair Joanne De Laurentiis is pleased to announce the appointment of Peggy McCallum to the FSRA Board of Directors for a two-year term, effective May 18, 2023. Peggy McCallum has considerable experience in providing legal and governance advice on