The Financial Services Regulatory Authority of Ontario has revoked the insurance agent licence of Minh Anh Nguyen after finding misconduct involving falsified documents provided to an insurer and the misappropriation of client funds. The regulator cited breaches of the Insurance Act and stated that the conduct met the grounds for revocation under section 392.5 of the Act and section 8 of Ontario Regulation 374/04. Nguyen did not request a hearing before the Financial Services Tribunal or contest FSRA’s proposal.
Financial Services Regulatory Authority of Ontario 2025-01-22
Financial Services Regulatory Authority of Ontario revokes Minh Anh Nguyen’s insurance agent licence for falsified documents and misappropriating client funds
The Financial Services Regulatory Authority of Ontario has revoked Minh Anh Nguyen's insurance agent licence due to misconduct involving falsified documents and misappropriation of client funds. The regulator cited breaches of the Insurance Act and relevant regulations, noting Nguyen did not contest the decision.