REGARDING the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29 (the “Act”), in particular sections 19 and 21.
AND REGARDING Lexxco Investment Services Corporation
ORDER TO REVOKE LICENCE
On July 29, 2011, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal to Revoke the mortgage administrator licence of Lexxco Investment Services Corporation (“Lexxco”) (administrator licence #11751), pursuant to subsection 19(1) of the Act.
On August 9, 2011, Lexxco, through its principal Andre Lewis, requested a hearing before the Financial Services Tribunal (“Tribunal”). The hearing was adjourned on December 2, 2014.
On April 28, 2017, the Tribunal issued a Notice of Intention to Dismiss the hearing for Mr. Lewis’ failure to take any steps in the proceeding for an undue period.
On June 16, 2017, the Tribunal ordered that the proceeding be dismissed without a hearing. Pursuant to subsection 21(4) of the Act, the Superintendent makes the following order.
The mortgage administrator licence of Lexxco Investment Services Corporation (administrator licence #11751) is hereby revoked.
Dated at at Toronto, Ontario on the date of June 30, 2017.
Original signed by
Director, Licensing Branch
By delegated Authority from the
Superintendent of Financial Services
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