Insurance council orders close supervision after agent reported by company

Agent submitted 50 unique applications listing herself as payor.

LIFE INSURANCE | November 23 2023 03:28PM
Ontario regulator fines psychologist for insurance fraud

Administrative penalty totalling $15,000 levied for misleading insurers.

LIFE INSURANCE | November 23 2023 10:14AM
Forging client signatures results in three-month suspension and fine

Dealing representative terminated after forms discovered during daily trade reviews.

INVESTMENT | November 13 2023 04:29PM
Pre-signed and altered forms cost representative $25,000

No evidence of client complaint, loss, or lack of authorization identified, says regulator.

INVESTMENT | November 10 2023 03:58PM
Dealing representative banned five years for outside activities

Regulator says there is no evidence of financial loss by clients or any other individuals.

INVESTMENT | November 09 2023 04:28PM
A platform to better detect and prevent insurance crime

The tool, presented as a “groundbreaking approach”, will be accessible in January 2024.

P&C | November 08 2023 10:37AM
Registered representative sanctioned for helping to move money out of China

Made arrangements with friends and family and used personal funds to complete client deposits.

INVESTMENT | November 06 2023 10:51AM