FSRA finalizes Guidance on public warnings
TORONTO, April 18,
2024 /CNW/ - Ontario's financial services regulator (FSRA)
is taking steps to better inform and caution consumers about doing
business with people who are unlicensed or who are engaging in
unlawful or deceitful behaviour.
FSRA is publishing final Guidance on how we issue public warning
notices.
"Public warnings are used to help protect consumers from those
who are engaging in unlawful or deceitful behaviour," said
Wendy Horrobin, Head, Licensing and
Risk Assessment.
"These warnings reduce consumer harm, deter lawbreakers and
instill greater confidence in financial services."
We thank everyone for your helpful input. Based on feedback, the
Guidance has been revised to include additional details about
FSRA's processes and media awareness strategy concerning public
warning notices.
Learn more:
- Final Approach Guidance on public warning notices
- FSRA's responses to public consultation comments
- FSRA's consumer warnings
FSRA continues to work on behalf of all stakeholders,
including consumers, to ensure financial safety, fairness, and
choice for everyone.
Learn more at www.fsrao.ca.
FOR MEDIA INQUIRIES:
Ashley Legassic
Acting Sr. Manager, Media Relations
Financial Services Regulatory Authority
C: 647-719-8426
Email: ashley.legassic@fsrao.ca
SOURCE Financial Services Regulatory Authority of Ontario