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Ex-insurance agent fined $50,000 for operating without a licence

Summary by City News
An ex-insurance broker has been ordered to pay a $50,000 fine after an independent tribunal found that he used licensed agents as 'fronts' to receive commissions.

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insurancebusinessmag.cominsurancebusinessmag.com
Center

FSRA imposes $50,000 fine against former broker

He recruited licensed agents as fronts to receive commissions

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City NewsCity News
Center

Ex-insurance agent fined $50,000 for operating without a licence

An ex-insurance broker has been ordered to pay a $50,000 fine after an independent tribunal found that he used licensed agents as 'fronts' to receive commissions.

·Toronto, Canada
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wealthprofessional.cawealthprofessional.ca

Unlicensed 'insurance agent' banned having previously been jailed for Securities Act offence

FRSA fined the formerly licensed individual $50K following a hearing

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City News broke the news in Toronto, Canada on Monday, May 5, 2025.
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