Announcements

Ontarians urged to close the retirement readiness gap during fourth annual Pension Awareness Day More employees are participating in workplace pension plans in Ontario, but many people haven’t taken simple steps to help determine whether they’re on track to retire comfortably, according to the

The Financial Services Regulatory Authority of Ontario (FSRA), has imposed a compliance order on Andi Efovia (Efovia) to cease and desist from conducting insurance business in Ontario and imposed administrative penalties in the total amount of $25,000 on Efovia. Efovia contravened the Insurance Act

The Financial Services Regulatory Authority of Ontario (FSRA), has imposed administrative penalties in the total amount of $30,000 against Sabine Quattrociocchi (Quattrociocchi) and $20,000 against Diamond Capital Investments Inc. (Diamond Capital). Quattrociocchi contravened the Mortgage Brokerages

The Financial Services Regulatory Authority of Ontario, FSRA, is pleased to welcome three new and one reappointed member to its mortgage brokering Technical Advisory Committee (TAC). Committee members provide advice and input to FSRA management to help inform and shape policy development and

The Government of Ontario has appointed Lawrence (Larry) E. Ritchie, ICD.D, as a member of the Financial Services Regulatory Authority of Ontario’s (FSRA) Board of Directors, effective January 15, 2026. The appointment was made on the recommendation of Finance Minister Peter Bethlenfalvy. Mr

The Financial Regulatory Authority of Ontario, FSRA, has imposed an administrative penalty in the amount of $7,500 against Nataly Belinska (Belinska), and imposed a compliance order against both Belinska and Happy Future Centre (HFC). Belinska and HFC engaged in an unfair or deceptive act or

The Financial Services Regulatory Authority of Ontario, FSRA, has refused to renew the mortgage brokerage licence of Sergiy Shchavyelyev (Shchavyelyev). Shchavyelyev is no longer suitable to be licensed under the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29, as amended

We are pleased to send you the February 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

The Financial Regulatory Authority of Ontario, FSRA, has initiated enforcement action against Chintankumar Narendra Thakkar (Thakkar). FSRA alleges that Thakkar acted as an insurance agent by transmitting insurance applications to the Insurer and charging a fee while not being duly licensed

The Financial Services Regulatory Authority of Ontario, FSRA has refused to renew the life insurance and accident and sickness insurance licence of Michael Lampel (Lampel) and the corporate agent licence of IFC Financial Inc. o/a Insurance for Children (IFC) and has imposed three administrative