Kevin Ashe

The Superintendent of Financial Services issued interim cease and desist orders against the applicants, a paralegal and his company, alleging operational misconduct and failure to cooperate with an investigation into their statutory accident benefit representation.

The applicants requested a hearing before the Financial Services Tribunal.

The Tribunal found no operational misconduct but concluded the applicants engaged in regulatory accountability misconduct by failing to comply with formal requests for information and breaching the interim orders.

The Tribunal determined it had the authority to issue a time-limited cease and desist order and imposed a one-year order prohibiting the applicants from acting as statutory accident benefit representatives.

The appellant appealed a decision of the Superintendent of Financial Services denying his application for a life insurance agent's licence because he failed the qualifying examination.

The appellant argued that the passing grade was unfairly raised from 50% to 60% without notice to him, and that this breached his Charter rights.

The Financial Services Tribunal dismissed the appeal, finding that the Superintendent had no duty to notify the appellant of the change in the passing grade and that no Charter rights were infringed.

The Superintendent of Financial Services issued a Notice of Proposal to revoke the mortgage broker registration of the corporate applicant.

The applicants requested a hearing before the Financial Services Tribunal.

Following the hearing, the Tribunal issued oral reasons upholding the Superintendent's proposal and directing the revocation of the registration, with written reasons to follow.