TORONTO, March 20, 2023 /CNW/ - The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Pritpal Sandhu (Sandhu).
FSRA alleges that Sandhu contravened subsection 43(2) of the Mortgage Brokerages, Lenders and Administrators Act, 2006 12 times by repeatedly giving false or deceptive information when dealing in mortgages in Ontario.
FSRA is proposing to impose 12 administrative penalties in the total amount of $60,000 on Sandhu.
Sandhu requested a hearing before the Financial Services Tribunal about this proposal.
FSRA is working to protect consumers through its monitoring and enforcement activities.
FSRA continues to work on behalf of stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone. Learn more at www.fsrao.ca.
Russ Courtney
Sr. Media Relations and Digital Officer
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]
SOURCE Financial Services Regulatory Authority of Ontario
Share this article