FSRA settles enforcement action with Chad E. Martin

The Financial Services Regulatory Authority of Ontario (FSRA) settled an enforcement action with Chad E. Martin relating to the renewal of Martin's insurance agent licence.

Martin provided false information in his licence renewal application contrary to Section 8 of Ontario Regulation 347/04 and failed to comply with an administrative monetary penalty order issued under Section 39(7) of the Mortgage Brokers, Lenders, and Administrators Act.

In the settlement, Martin has agreed to withdraw his licence renewal application and has undertaken to not file a renewal application until December 31, 2022. In the event that Martin's licence is subsequently renewed, Martin has agreed to supervisory conditions for a period of 12 months. Martin has also undertaken to comply with the Administrative Monetary Penalty order.

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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