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.

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FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone.

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For media inquiries:

Russ Courtney
Sr. Media Relations and Digital Officer
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]