Le Lézard
Classified in: Business
Subject: LAW

FSRA issues notice of proposal against Nexus Seulal


TORONTO, Dec. 5, 2023 /CNW/ - The Financial Services Regulatory Authority of Ontario (FSRA) has initiated enforcement action against Nexus Seulal (Seulal).

FSRA alleges that Seulal's past conduct affords reasonable grounds for belief that he will not deal or trade in mortgages in accordance with the law and with integrity and honesty, and is therefore not suitable to be licenced as a mortgage agent.

FSRA is proposing to refuse to issue a mortgage agent licence to Seulal.

Seulal requested a hearing before the Financial Services Tribunal about this Proposal.

Learn more:

Access our enforcement database to see how FSRA is working to protect consumers through its monitoring and enforcement activities.

For media inquiries:

Russ Courtney
Sr. Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]

SOURCE Financial Services Regulatory Authority of Ontario


These press releases may also interest you

at 10:24
Cameron Stephens, a Canadian leader in commercial real estate debt and equity capital, proudly announces the zoning approvals for two projects located in highly desirable areas of Toronto. Together, they will add over 1,400 new units of much-needed...

at 10:18
Xcite Automotive, the leader in automotive technology services, today announced its acquisition of Pinnacle Automotive, including its Diamond Dealer Services and Diamond Digital PRO platforms. This strategic expansion significantly augments Xcite's...

at 10:17
Ontario's Financial Services Regulator, FSRA, has imposed an administrative penalty of $10,000 and licence conditions on James Michalopoulos (Michalopoulos)....

at 10:15
The Texas Department of Transportation has awarded Woolpert a $10 million contract to provide plans, specifications, and estimate (PS&E) services supporting statewide roadway and bridge reconstruction and improvement projects. "This contract will...

at 10:15
Sync1 Systems, the leading loan origination platform for credit unions, has partnered with EDGE to deliver income verification, risk attributes, risk scores, and relationship attributes. EDGE is thrilled to work with such an innovative,...

at 10:15
Media representatives are invited to the announcement of a partnership between HEC Montréal and iA Financial Group to support sustainable finance research. This financial contribution will help to support cutting-edge research in sustainable finance,...



News published on and distributed by: