FSRA issues Notice of Proposal against Elvira Montoya

The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Elvira Montoya.

FSRA alleges that Elvira Montoya produced or furnished documents which contained false licensing numbers and described her corporation's services as that of a mortgage brokerage without being licensed under the Act, contrary to section 11 of the Act.

FSRA is proposing to impose administrative penalties on Elvira Montoya.

Elvira Montoya requested a hearing before the Financial Services Tribunal about this 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]

Enforcement Actions