Financial Services Commission Of Ontario

• Guelph mortgage broker collected $8 million over 25 years in fraud scheme: police

  Guelph police say a 73-year-old former mortgage broker faces 31 charges related to fraud and forged documents.

  Crime

  Jul 23, 2020
  
• Ontario government creating new regulator for financial services, pensions

  The Financial Services Regulatory Authority of Ontario will regulate the insurance sector, pension plans, loan and trust corporations, credit unions, mortgage brokers and service providers who invoice auto insurers for statutory accident benefit claims.

  Consumer

  Jun 7, 2019
  
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• Peel police investigating allegations of fraud against investment company 1PLUS12

  Police in the Greater Toronto Area are investigating an investment company called 1PLUS12 over allegations of fraud following a report by Global News.

  Canada

  Apr 2, 2019
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• ‘Making money off trusting, innocent people’: Investment company 1PLUS12 sued for almost $2M over alleged ‘fraud’

  A Global News investigation has found the company, 1PLUS12, is currently facing at least two lawsuits totalling $6.4 million that allege fraud or misrepresentation.

  Consumer

  Apr 1, 2019
• Ontario watchdog failed to check on risky mortgage brokers because of budget woes

  The financial services regulator in Canada's biggest province failed to make planned checks on mortgage brokers it had identified as risky because its resources were stretched.

  Feb 26, 2019
• Private member’s bills aim to end auto insurance postal code ‘discrimination’ in Ontario

  Legislators from both the Progressive Conservative government and the NDP say they will introduce their own pieces of legislation today to stop the practice that they called discriminatory.

  Politics

  Oct 15, 2018
• Auto insurance rates in Ontario up 2% in first quarter of 2018

  In 2013, the Liberal government promised an average decrease of 15 per cent by August of 2015, but when that self-imposed deadline passed, Premier Kathleen Wynne admitted it had been what she called a "stretch goal."

  Consumer

  Apr 13, 2018
• Auto insurance rates in Ontario increased in last quarter of 2017

  Fourth quarter numbers released today by the Financial Services Commission of Ontario show an average increase of about one per cent.

  Jan 12, 2018
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• Ontario auto insurance rates drop by less than 1%

  Rates have decreased on average by around eight per cent since 2013, when the Liberal government promised to cut rates by an average of 15 per cent by August 2015.

  Canada

  Oct 13, 2017
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• Just like Sears Canada: 30% of similar pension plans in Ont., Que. underfunded

  The struggling retailer can't keep up with its pension payments. It's a scenario that will 'absolutely' happen again, experts say.

  Money

  Aug 2, 2017