FSRA issues a compliance order and imposes administrative penalty against Mohammad Islam also known as Islam Mohammad.
The Financial Services Regulatory Authority of Ontario (FSRA) issued a compliance order and imposed an administrative penalty in the amount of $10,000 on Mohammad Islam also known as Islam Mohammad.
Mohammad Islam contravened section 2(3) of the Mortgage Brokerages, Lenders and Administrators Act, 2006, for dealing in mortgages without a mortgage broker or mortgage agent licence.
FSRA issued this order as Mohammad Islam did not request a hearing or contest FSRA's proposal.
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.
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Financial Services Regulatory Authority
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