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.



Superintendent of
Ontario Coat of Arms
Surintendant des

REGARDING the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29 (the “Act”), in particular sections 18, 19 and 21

AND REGARDING Gokulesh Shah.


On October 3, 2017, the Superintendent of Financial Services (“Superintendent”) issued a Notice of Proposal to revoke the mortgage agent licence of Gokulesh Shah (licence #M10000814), pursuant to subsection 19(2) of the Act.

The Notice to Mr. Shah was sent by regular and registered mail on October 5, 2017. Mr. Shah had 15 days after receipt of the Notice to file a request for hearing with the Financial Services Tribunal (the “Tribunal”) in accordance with subsection 21(3) of the Act.

The Registrar of the Tribunal has confirmed that, as of October 26, 2017, no request for a hearing has been received from Mr. Shah or anyone on his behalf.

Subsection 21(7) of the Act provides that the Superintendent may carry out the proposal to revoke a licence when no hearing has been requested.


The mortgage agent licence of Gokulesh Shah (licence # M10000814) is hereby revoked.

Dated at Toronto, Ontario, October 31, 2017.

Original signed by

Anatol Monid
Executive Director, Licensing and Market Conduct Division

By delegated authority from the
Superintendent of Financial Services

© Queen's Printer for Ontario, 2017