The Financial Services Regulatory Authority of Ontario has imposed administrative penalties of CAD 133,500 on Daniel George Gordon and CAD 150,000 on Gordon Wealth Management Limited for contraventions of Ontario’s Insurance Act and related regulations. The orders cite Gordon for using coercion or undue influence to secure insurance business, providing false, misleading or incomplete information to FSRA, and failing to maintain errors and omissions insurance or a suitable financial guarantee. Gordon Wealth Management was penalized for using coercion or undue influence to secure insurance business. FSRA issued the orders following a Notice of Dismissal by the Financial Services Tribunal dated July 25, 2025 and in accordance with the tribunal’s Reasons for Decision dated June 20, 2025 in Gordon v CEO of FSRA, 2025 ONFST 7.
Financial Services Regulatory Authority of Ontario 2025-09-04
Financial Services Regulatory Authority of Ontario imposes CAD 133,500 penalty on Daniel George Gordon and CAD 150,000 on Gordon Wealth Management for Insurance Act breaches
The Financial Services Regulatory Authority of Ontario has levied penalties of CAD 133,500 on Daniel George Gordon and CAD 150,000 on Gordon Wealth Management Limited for breaches of Ontario’s Insurance Act. Violations include coercion to secure insurance business, providing false information to FSRA, and failing to maintain required insurance. The penalties follow a Notice of Dismissal by the Financial Services Tribunal and its Reasons for Decision in Gordon v CEO of FSRA.