Taking action to further protect and inform consumers
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.
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