FSRA refuses to renew licence and imposes administrative penalty against Vineet Anand
The Financial Services Regulatory Authority of Ontario (FSRA) refused to renew the Life, Accident and Sickness insurance agent licence and imposed an administrative penalty of 10,000 against Vineet Anand (Anand).
Anand contravened the Insurance Act by failing to disclose a conflict of interest or potential conflict of interest, contrary to section 16 of Ontario Regulation 347/04.
FSRA issued this order as a result a settlement with Anand.
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For media inquiries:
Sr. Manager of Media Relations
Financial Services Regulatory Authority
Email: [email protected]