Latest news with #www.fsrao.ca
Cision Canada
26-06-2025
- Business
- Cision Canada
Investing in consumers Français
FSRA grant funding applications for financial education and research now open TORONTO, June 26, 2025 /CNW/ - Ontario's financial services regulator, FSRA, is supporting financial literacy and better protecting consumers through its second annual proceeds from enforcement grant application program. "Now in our second year, the FSRA grant funding program will make bigger strides in helping consumers better understand the financial services they use each and every day," says Stuart Wilkinson, Chief Consumer Officer at FSRA. "If you have a good idea, whether that's an education initiative or research project, check out the program to see if you qualify." Not-for-profit organizations can now apply to access money FSRA collects through enforcement actions to fund educational initiatives and research. The proceeds from enforcement grant funding is also open to proposals from within FSRA. For details on this year's application process and to see if your idea may qualify, check out our page on grant funding. Applications close on September 26, 2025. More information on how we use the money we collect through enforcement actions can be found in our updated Use of Proceeds from Enforcement Guidance. FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone. Learn more at FOR MEDIA INQUIRIES: Ashley Legassic Sr. Media Relations and Digital Officer Financial Services Regulatory Authority C: 647-719-8426 Email: [email protected] SOURCE Financial Services Regulatory Authority of Ontario
Cision Canada
02-05-2025
- Business
- Cision Canada
Court appoints Receiver for Sussman Mortgage Funding Inc. Français
TORONTO, May 2, 2025 /CNW/ - Today, the Ontario Superior Court of Justice appointed B. Riley Farber (BRF) as receiver of all assets, undertakings and properties of Sussman Mortgage Funding Inc. (SMFI) and certain related companies. The appointment resulted from FSRA's application under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA) and the Court of Justice Act (CJA). FSRA applied to appoint a receiver in response to allegations of serious wrongdoing and multiple legal proceedings by mortgage investors. A receiver can ensure that SMFI's affairs are managed in the best interests of all of its investors. BRF will report to the Court before June 2, 2025. SMFI was licensed with FSRA as a mortgage brokerage and mortgage administrator. As of March 31, 2025, SMFI had no licensed brokers, and its brokerage licence was suspended. FSRA has since revoked the mortgage brokerage and administrator licenses of SMFI. BRF will be establishing a case website, including the materials filed with the court and court orders, for public access at Links FOR MEDIA INQUIRIES: Russ Courtney Sr. Manager, Media Relations Financial Services Regulatory Authority C: 437-225-8551 Email: [email protected]
