TORONTO, July 24, 2024 /CNW/ - Ontario's financial services regulator, FSRA, imposes licence conditions on Nexus Seulal ("Seulal").
FSRA issued this order as a result of a decision of the Financial Services Tribunal (Tribunal), dated April 4, 2024.
Based on Seulal's past conduct in the banking industry, he presents an ongoing risk to the public should he join the mortgage brokering industry.
The Tribunal directed FSRA to issue the licence with conditions to address the risks identified. FSRA had proposed to refuse the licence.
Learn more:
Access our enforcement database to see how FSRA is working to protect consumers through its monitoring and enforcement activities.
For media inquiries:
Russ Courtney
Sr. Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]
SOURCE Financial Services Regulatory Authority of Ontario
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