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 FSRA’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.

 

Financial Services Regulatory Authority of Ontario

IN THE MATTER OF the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29 (the “Act”), in particular sections 38 and 39;

AND IN THE MATTER OF Robert Frost (the “Licensee”).


ORDER TO IMPOSE AN ADMINISTRATIVE PENALTY

On July 7, 2022, and by delegated authority from the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario (the “Chief Executive Officer”), the Senior Manager, Regulatory and Credentialing Oversight (the “Senior Manager”) issued a Notice of Proposal to impose an administrative penalty in the amount of $1,750 on the Licensee for failure to comply with the Act.

The Notice of Proposal was delivered to the Licensee on July 19, 2022. Section 39 of the Act provides that any person on whom a Notice of Proposal is delivered has fifteen (15) days after the Notice of Proposal is received to request a hearing by the Financial Services Tribunal (the “Tribunal”).

The Senior Manager and the Licensee have resolved the matter without a hearing and on consent.

ORDER

An administrative penalty in the amount of $1,750 is hereby imposed on Robert Frost.

TAKE NOTICE THAT Robert Frost will be receiving an invoice from the Financial Services Regulatory Authority of Ontario with information as to where and how to make the payment. Robert Frost must pay the Administrative Penalty no later than 30 days after the date of the invoice.

If Robert Frost fails to pay the administrative penalty in accordance with the terms of this Order, the Chief Executive Officer may file the Order with the Superior Court of Justice and the Order may be enforced as if it were an order of the Court. An Administrative Penalty that is not paid in accordance with the terms of an order imposing the penalty is a debt due to the Crown and is enforceable as such.

DATED at Calgary, August 10, 2022

Original signed by

Roy Dias
Senior Manager, Regulatory and Credentialing Oversight

By delegated authority from the Chief Executive Officer

Si vous désirez recevoir cet avis en français, veuillez nous envoyer votre demande par courriel immédiatement à : contactcentre@fsrao.ca.