Announcements

In this issue Welcome Supervising the mortgage broker sector FSRA to engage more closely with large brokerages after concerns identified Better supervision and oversight needed for brokering and administering mortgage investments Promissory notes may be securities regulated by the Ontario Securities

Ontario’s financial services regulator, FSRA, has revoked the service provider’s licence (license # SP17663) of Neuromotion Therapy Centre (Neuromotion). Neuromotion’s principal representative, Akram Elmuradi (Elmuradi), on behalf of Neuromotion, made a material misstatement or omission on

Ontario’s financial services regulator, FSRA, is releasing its annual Mortgage Brokering Supervision Plan to ensure the mortgage brokering sector continues to protect consumers. “As economic conditions remain uncertain, it’s critical for mortgage professionals to understand their responsibilities,”

Ontario's financial services regulator, FSRA, has initiated enforcement action against Avraj Singh Dulay (Dulay). FSRA alleges that Dulay fabricated documents in connection with several property purchase transactions, contrary to section 43(2) of the Act. FSRA also alleges that Dulay caused his

Ontario’s financial services regulator, FSRA, has refused to issue an insurance agent licence to Sivashanthi Vijayakumaran (“Vijayakumaran”) under the Insurance Act, R.S.O. 1990, c.I.8., as amended (the “Act”), and its regulations. Vijayakumaran is not suitable to hold a licence as an insurance

This partnership will help pave the way for the introduction of new or improved products and services to the financial services market in Ontario Ontario’s financial services regulator (FSRA) and Fintech Cadence have announced a new partnership to foster fintech innovation in Ontario. This one-year

FSRA is working to make its services better for you Getting your licence to you faster will continue to be one of FSRA's top business priorities. We are pleased to announce that over the next few months, we will roll out new initiatives designed to enhance your experience with us and better serve

Ontario’s financial services regulator’s (FSRA) Automobile Insurance Rating and Underwriting Regulation Reform Strategy puts consumers first. As a part of this strategy, FSRA is now consulting on new guidance to ensure that Ontario drivers are paying the right price for the right auto insurance

Ontario's financial services regulator, FSRA, has initiated enforcement action against Hui Wen (Polly) Liu (Liu) and Cheng (Kevin) Qi (Qi). FSRA alleges that Liu and Qi have demonstrated incompetence and untrustworthiness to transact the insurance agency business for which their licenses have been

Ontario’s financial services regulator, FSRA, has refused to renew the mortgage agent licence of Karen Graham (Graham). Graham is not suitable to be licensed as a mortgage agent because Graham provided false information in the application for the licence, and Graham’s past conduct affords reasonable