Disclaimer
An order that is made regarding a licence holder reflects a situation at a particular point in time. The status of a licence holder can change. Readers should check the current status of a person’s or entity’s licence on the Licensing Link section of FSCO’s website. Readers may also wish to contact the person or entity directly to get additional information or clarification about the events that resulted in the order.

 

Ontario Coat of Arms
 
Financial Services
Commission
of Ontario
5160 Yonge Street,
Box 85
Toronto ON  M2N 6L9

REGARDING the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29 (the “Act”), in particular sections 7, 8, 19, 21, 38 and 39

AND REGARDING Ralph Iacono and Terra Nova Financial Services Inc.

 

On May 3, 2012, a Notice of Proposal to Revoke the mortgage broker licence of Ralph Iacono and the mortgage brokerage licence Terra Nova Financial Services Inc. was issued.

 

ORDER

Pursuant to Minutes of Settlement, I hereby order that the mortgage broker licence of Ralph Iacono and the mortgage brokerage licence of Terra Nova Financial Services Inc. are revoked, effective December 8, 2012.

 

DATED at Toronto, Ontario, December 5, 2012

 

Original Signed By

Philip Howell
Superintendent of Financial Services



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