Skip Ribbon Commands
Skip to main content

Enforcement Statistics 2011

To protect consumers and enhance public confidence in the sectors it regulates, FSCO takes appropriate regulatory action when there is non-compliance with legislation and regulations that relate to the regulated sectors. Non-compliance may result in enforcement action.
 
Category (click titles for definitions)​ Q1​ Q2​ Q3​ Q4​ Cumulative Total
Mortgage Brokerages
Conditional licenses granted 0​  0  0  0
License Refusals ​0  0  0  0  0
License Surrenders ​23  39  35  17  114
License Suspension ​0  4  1  8
License Revocations ​0  2  4  0  6
Administrative Monetary Penalties Levied (# issued) ​0  0  15  8 23
Administrative Monetary Penalties Levied ($) ​0  0  $28, 500  $22, 500 $51, 000
Letters of Caution issued ​1  1  0  0  2
Charges laid in Ontario Court of Justice ​0  0  0  0  0
Prosecutions 0​  0  0  0  0
Mortgage Brokers
Conditional licenses granted ​0  0  0  0  0
License Refusals ​0  0  0  0  0
License Surrenders ​0  0  0  0  0
License Suspension ​1  0  0  0  1
License Revocations ​0  0  0  0  0
Administrative Monetary Penalties Levied (# issued) ​0  0  1  0  1
Administrative Monetary Penalties Levied ($) ​0  0  $1,000  0  $1,000
Letters of Caution issued ​1  1  0  0  2
Charges laid in Ontario Court of Justice ​0  0  0  0  0
Prosecutions​ (convictions / fines) ​0  0  0  0  0
Mortgage Agents
Conditional licenses granted 0​  0  0  0  0
License Refusals ​0  0  0  0  0
License Surrenders ​0  0  0  0  0
License Suspension ​0  0  0  0  0
License Revocations ​0  0  0  0  0
Administrative Monetary Penalties Levied (# issued) ​0  0  0  0  0
Administrative Monetary Penalties Levied ($) ​0  0  0  0  0
Letters of Caution issued ​3  1  0  0  4
Charges laid in Ontario Court of Justice ​0  0  0  0  0
Prosecutions ​(convictions / fines) ​0  0  0  0  0