TORONTO, April 6, 2023 /CNW/ – The Economic Services Regulatory Authority of Ontario (FSRA) has initiated enforcement motion from Globe Financial Group Insurance plan Agency of Canada Inc. (WFG).
FSRA alleges that gaps in WFG’s procedure and ongoing proceedings by one more regulator towards WFG could raise acceptable grounds about WFG’s suitability to be licensed.
FSRA is proposing to impose situations on WFG’s corporate insurance coverage agent licence.
WFG might request a hearing prior to the Financial Companies Tribunal about this proposal.
FSRA is performing to safeguard buyers as a result of its checking and enforcement functions.
FSRA carries on to get the job done on behalf of stakeholders, which include consumers, to make certain fiscal protection, fairness, and selection for all people. Study extra at www.fsrao.ca.
FOR MEDIA INQUIRIES:
Sr. Media Relations and Electronic Officer
Economical Services Regulatory Authority
Email: [email protected]
Supply Financial Solutions Regulatory Authority of Ontario