The Financial Services Regulatory Authority of Ontario issued an order refusing to renew the mortgage agent licence of Frank Attard and imposed five administrative penalties totalling CAD 25,000, citing reasonable grounds to believe he is not suitable to be licensed under the Mortgage Brokerages, Lenders and Administrators Act, 2006. The order cites contraventions involving providing false or deceptive information and documents when dealing in mortgages in Ontario, providing false or misleading information to FSRA, and actions or omissions that could reasonably be expected to result in his brokerage failing to comply with requirements under the Act. FSRA issued the orders after Attard withdrew his Request for Hearing before the Financial Services Tribunal.
Financial Services Regulatory Authority of Ontario 2026-03-05
Financial Services Regulatory Authority of Ontario refuses to renew mortgage agent licence and imposes CAD 25,000 in penalties on Frank Attard
The Financial Services Regulatory Authority of Ontario refused to renew Frank Attard's mortgage agent licence and imposed five administrative penalties totaling CAD 25,000. The decision was based on violations including providing false information and documents related to mortgages and misleading the FSRA. The orders were issued after Attard withdrew his Request for Hearing before the Financial Services Tribunal.