TORONTO, Sept. 29, 2022 /CNW/ - The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Sudeep Sharma.
FSRA alleges that Sudeep Sharma made false or misleading statements in soliciting or registering insurance, contrary to section 17(c) of Ontario Regulation 347/04. FSRA also alleges that Sudeep Sharma knowingly procured, by fraudulent representations, payment or the obligation for payment of any premium on an insurance policy, contrary to section 395 of the Act.
FSRA is proposing to revoke the licence of Sudeep Sharma and impose administrative penalties on Sudeep Sharma.
Sudeep Sharma may request a hearing before the Financial Services Tribunal.
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
FOR MEDIA INQUIRIES:
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
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