Ontario’s Financial Services Tribunal has ordered an insurance company and two insurance agents to pay a combined total of more than $26,000 in administrative monetary penalties, rejecting the agents’ position that forgetting to renew licenses is not “blameworthy” conduct. In…
The Ontario government has announced that it will introduce legislation to establish the initial parameters for the Financial Services Regulatory Authority (FSRA), “a new independent and flexible regulator of financial services and pensions that, once established, would be more consumer-focused…