Announcements

Q3 Service Standards Report highlights results FSRA continues improving the service it provides to the sectors it regulates and to consumers. In its third quarter service standards report, FSRA met or exceeded its service targets nearly 97 percent of the time, a 12 percent improvement over the

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Ian Vilafana (Vilafana) and Valor Financial Corp. (Valor). FSRA alleges that Vilafana is not suitable to be licensed as he gave false and deceptive information while dealing in mortgages contrary

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against First Swiss Mortgage Corp. (First Swiss) and Reza Nezami-Nia (Nezami-Nia). FSRA alleges that First Swiss and Nezami-Nia are no longer suitable to be licensed under the Mortgage Brokerages, Lenders

The Financial Services Regulatory Authority of Ontario (FSRA) issued compliance orders and imposed administrative penalties on Sobenna Green (Green) in the amount of $50,000, Jermaine Scott (Scott) in the amount of $20,000 and Pinyatas Lounge Inc. (Pinyatas) in the amount of $20,000. Green

The Financial Services Regulatory Authority of Ontario is actively working with the insurance sector to try and develop and adopt new ground-breaking ideas. Recently, FSRA’s Innovation Office held consultations with stakeholders to hear about innovative opportunities and regulatory barriers to

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Pritpal Sandhu (Sandhu). FSRA alleges that Sandhu contravened subsection 43(2) of the Mortgage Brokerages, Lenders and Administrators Act, 2006 12 times by repeatedly giving false or deceptive

FSRA takes immediate action to protect lenders and borrowers KSV Restructuring Inc. (KSV) has been appointed by the Ontario Superior Court of Justice as Receiver over the property of First Swiss Mortgage Corp. (First Swiss). The Receiver was appointed upon court application by the Financial Services

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Yogender Jain (Jain) to revoke his insurance agent licence and impose administrative penalties in the amount of $100,000, against Gold Standard Group Inc. (Gold Standard) to impose administrative

The Financial Services Regulatory Authority of Ontario (FSRA) is releasing its Market Conduct Activities Report for the 2021-2022 financial year. The Report highlights FSRA's work to help ensure consumer protection, market integrity and regulatory compliance. It covers the following sectors

To better protect consumers, the Financial Services Regulatory Authority of Ontario (FSRA) is making it easier to report life agents who may be unsuitable. Insurance companies and managing general agencies can now upload and share investigation reports and documentation directly to the FSRA website