FSRA refuses to renew the licence and imposes administrative penalties against Manpreet Ghai
2024年6月27日 - 3:41AM
PR Newswire (Canada)
TORONTO, June 26, 2024 /CNW/ - Ontario's Financial Services Regulator, FSRA
has refused to renew the mortgage agent licence of Manpreet
Ghai (Ghai) and imposed administrative penalties in the total
amount of $18,000 against Ghai.
Ghai was previously licensed as a mortgage agent under
the Mortgage Brokerages, Lenders and Administrators Act,
2006 (Act). Ghai contravened the Act by providing false or
deceptive information and documents when dealing with mortgages in
Ontario contrary to subsection
43(2) of the Act and by giving false or deceptive information to
FSRA contrary to subsection 45(1) of the Act.
FSRA issued these Orders as a result of a settlement with
Ghai.
Learn more:
Access our enforcement database to see how FSRA is
working to protect consumers through its monitoring and enforcement
activities.
For media inquiries:
Russ
Courtney
Senior Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: russ.courtney@fsrao.ca
SOURCE Financial Services Regulatory Authority of Ontario
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