FSRA imposes administrative penalties against Meerwise Wais Habibzi

·1 min read

TORONTO, May 17, 2022 /CNW/ - The Financial Services Regulatory Authority of Ontario (FSRA) issued an order imposing two administrative penalties in the total amount of $20,000 on Meerwise Wais Habibzi.

FSRA logo (CNW Group/Financial Services Regulatory Authority of Ontario)
FSRA logo (CNW Group/Financial Services Regulatory Authority of Ontario)

Meerwise Wais Habibzi provided false or deceptive information when dealing in mortgages contrary to section 43(2) of the Act. Meerwise Wais Habibzi also provided false and misleading information to a person designated by the Chief Executive Officer of FSRA contrary to section 45(1) of the Act.

FSRA issued this order as a result of a decision of the Financial Services Tribunal dated March 10, 2022.

Read FSRA's Order here
Read the Financial Services Tribunal decision here
Read the Notice of Proposal here

Learn more:

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

SOURCE Financial Services Regulatory Authority of Ontario

Cision
Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2022/17/c0574.html

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting