The Financial Services Regulatory Authority of Ontario (FSRA) revoked Expert Financial Corporation’s mortgage brokerage licence and imposed administrative penalties totalling CAD 70,000 on the firm and two individuals, following settlements related to facilitating unlicensed mortgage business and other compliance breaches.
Financial Services Regulatory Authority of Ontario 2025-07-25
Financial Services Regulatory Authority of Ontario revokes Expert Financial Corporation’s mortgage brokerage licence and levies CAD 70,000 in penalties over unlicensed mortgage activity
The Financial Services Regulatory Authority of Ontario revoked Expert Financial Corporation’s mortgage brokerage licence and imposed CAD 70,000 in penalties on the firm and two individuals. This action follows settlements over facilitating unlicensed mortgage business and other compliance breaches.