The Financial Services Regulatory Authority of Ontario issued orders refusing to renew Joel Kelman’s mortgage broker licence, revoking the mortgage brokerage licence of 13648486 Canada Inc., operating as Quick Cash Mortgage, and imposing three administrative penalties totaling CAD 85,000 on Kelman. The orders resulted from a settlement with Kelman and Quick Cash Mortgage. As principal broker of The Mortgage Maven Inc., Kelman failed to take reasonable steps to ensure compliance by the brokerage and one of its agents, failed to maintain records relating to arranged mortgages and provided inaccurate information in mortgage agent renewal applications.
Financial Services Regulatory Authority of Ontario2026-08-11
Financial Services Regulatory Authority of Ontario refuses broker licence renewal, revokes brokerage licence and imposes CAD 85,000 in penalties
The Financial Services Regulatory Authority of Ontario refused to renew Joel Kelman’s mortgage broker licence, revoked Quick Cash Mortgage’s brokerage licence and imposed three penalties totaling CAD 85,000. The settlement-based orders address compliance oversight and recordkeeping failures, as well as inaccurate information in licence renewal applications.