The Financial Services Regulatory Authority of Ontario has imposed administrative penalties on Andrew White following a settlement over breaches of the Mortgage Brokerages, Lenders and Administrators Act, 2006. The contraventions involved providing information about a prospective borrower to a prospective lender, contrary to section 2(3) of the Act, and carrying on, or holding out as carrying on, the business of lending in mortgages without a brokerage licence or exemption, contrary to section 4(2).
Financial Services Regulatory Authority of Ontario2026-05-27
Financial Services Regulatory Authority of Ontario imposes administrative penalties on Andrew White for sharing prospective borrower information and unlicensed mortgage lending
The Financial Services Regulatory Authority of Ontario has imposed administrative penalties on Andrew White following a settlement for breaches of the Mortgage Brokerages, Lenders and Administrators Act, 2006. White provided information about a prospective borrower to a prospective lender contrary to section 2(3) and carried on, or held out as carrying on, the business of mortgage lending without a brokerage licence or exemption contrary to section 4(2).