FSRA issued compliance order against Mark Dennis Carter, Earthink Incorporated and Earthink GmbH
Carter and Earthink contravened the Loan and Trust Corporations Act (Act) as follows:
- they were conducting, undertaking or transacting in Ontario the business of a loan corporation contrary to section 213(1) of the Act
- they were soliciting the business of a loan corporation contrary to section 213(6) of the Act
- they were undertaking transacting or soliciting in Ontario any part of the business of a loan corporation contrary to section 213(7) of the Act
Under the compliance order Carter and Earthink will be required to immediately cease their activities and provide information to lenders in Earthink.
FSRA issued this order as a result of a settlement with Carter and Earthink.
FSRA is working to protect consumers through its monitoring and enforcement activities.
FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone.
Learn more at www.fsrao.ca.
For media inquiries:
Sr. Media Relations and Digital Officer
Financial Services Regulatory Authority
Email: [email protected]