The Financial Services Regulatory Authority of Ontario (FSRA) has taken enforcement action against Margaret Green and initiated enforcement action against Kathy Locke, both formerly licensed mortgage brokers with Concierge Mortgage Group Inc., and has revoked the firm’s mortgage brokerage licence on consent. Green’s mortgage broker licence was suspended on the grounds that she is not suitable to be licensed, and she did not request a hearing before the Financial Services Tribunal or contest FSRA’s proposal. FSRA has proposed suspending Locke’s mortgage broker licence on the same grounds; Locke requested a Tribunal hearing and her licence is suspended on an interim basis pending the outcome of those proceedings.
Financial Services Regulatory Authority of Ontario 2026-03-18
Financial Services Regulatory Authority of Ontario suspends Margaret Green, seeks suspension of Kathy Locke and revokes Concierge Mortgage Group licence
The Financial Services Regulatory Authority of Ontario (FSRA) has revoked the mortgage brokerage licence of Concierge Mortgage Group Inc. and taken enforcement action against former brokers Margaret Green and Kathy Locke. Green's licence was suspended due to unsuitability, with no contest from her side. FSRA has proposed suspending Locke's licence on similar grounds, with an interim suspension in place pending a Tribunal hearing.