TORONTO, June 16, 2022 /CNW/ – The Financial Services Regulatory Authority of Ontario (FSRA) issued an order imposing two administrative penalties in the total amount of $3,000 on Harjot Singh.
Harjot Singh was sponsored as a mortgage agent at Financial Ties Ltd. While acting as a mortgage agent, Harjot Singh caused Financial Ties Ltd. to contravene the Act and regulations contrary to section 3 of Ontario Regulation 187/08 and gave investors false or deceptive information or documents when dealing in mortgages, contrary to subsection 43(2) of the Act.
FSRA issued this order as Harjot Singh did not request a hearing or contest FSRA’s proposal.
FSRA is working to protect consumers through its monitoring and enforcement activities.
FSRA continues to work on behalf of stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone. Learn more at www.fsrao.ca.
SOURCE Financial Services Regulatory Authority of Ontario