The Financial Services Regulatory Authority of Ontario has issued a Notice of Proposal initiating enforcement action against Gordon Kimberley Hinkson and Ocean West Financial Group, proposing to refuse to renew their insurance agent licences and to impose administrative penalties. FSRA alleges there are reasonable grounds to believe Hinkson and Ocean West are not suitable to be licensed under Ontario’s Insurance Act. The allegations include acting as insurance agents while not duly licensed, contrary to section 2(1) of Ontario Regulation 347/04, and providing false information to FSRA, contrary to subsection 447(2)(a) of the Act. The proposed administrative penalties total CAD 60,000 for Hinkson and CAD 50,000 for Ocean West. Hinkson and Ocean West have requested a hearing before the Financial Services Tribunal regarding the proposal.
Financial Services Regulatory Authority of Ontario 2025-09-16
Financial Services Regulatory Authority of Ontario proposes licence non-renewal and CAD 110,000 penalties for Gordon Kimberley Hinkson and Ocean West Financial Group
The Financial Services Regulatory Authority of Ontario has issued a Notice of Proposal for enforcement action against Gordon Kimberley Hinkson and Ocean West Financial Group, proposing to refuse their insurance agent licence renewals and impose penalties. Allegations include unlicensed activity and providing false information, with proposed penalties of CAD 60,000 for Hinkson and CAD 50,000 for Ocean West. Both parties have requested a hearing before the Tribunal.