The Financial Services Regulatory Authority of Ontario issued enforcement orders against mortgage agent Chanderkant Jindal, suspending his mortgage agent licence and levying an administrative penalty of CAD 5,000. The orders also provide that conditions will be imposed on his licence once the suspension period ends. FSRA found that Jindal made false or misleading statements or representations when soliciting or registering insurance, contrary to section 17(c) of Ontario Regulation 347/04 under the Insurance Act. The orders were issued following a settlement with Jindal.
Financial Services Regulatory Authority of Ontario 2026-02-02
Financial Services Regulatory Authority of Ontario suspends Chanderkant Jindal’s mortgage agent licence and imposes CAD 5,000 penalty
The Financial Services Regulatory Authority of Ontario issued enforcement orders against mortgage agent Chanderkant Jindal, suspending his licence and imposing a CAD 5,000 penalty for making false or misleading statements, in violation of Ontario Regulation 347/04 under the Insurance Act. Conditions will be imposed on his licence post-suspension following a settlement.