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FSRA imposes administrative penalty against Elvira Montoya

·1 min read

TORONTO, Sept. 23, 2022 /CNW/ - The Financial Services Regulatory Authority of Ontario (FSRA) issued an order imposing an administrative penalty in the amount of $10,000 on Elvira Montoya.

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

Elvira Montoya circulated documents which contained false licensing numbers and depicted her corporation's services as that of a mortgage brokerage without being licensed under the Act, contrary to section 11 of the Mortgage Brokerages, Lenders and Administrators Act, 2006.

FSRA issued this order as a result of a settlement with Elvira Montoya.

Read FSRA's Order here.
Read the Minutes of Settlement 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

FOR MEDIA INQUIRIES:

Russ Courtney
Sr. Media Relations and Digital Officer
Financial Services Regulatory Authority
C: 437-225-8551 
Email: russ.courtney@fsrao.ca

SOURCE Financial Services Regulatory Authority of Ontario

Cision
Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/23/c5331.html