Announcements

The New Self-Regulatory Organization of Canada expresses intent to become Credentialing Body The Financial Services Regulatory Authority of Ontario (FSRA) and the New Self-Regulatory Organization of Canada (New SRO) are working on how the New SRO can become a credentialing body for financial

FSRA is seeking input on financial penalties for those who do not follow the rules or break the law The Financial Services Regulatory Authority of Ontario (FSRA) is consulting on proposed Guidance designed to improve consumer protection by appropriately sanctioning persons and entities not in

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