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.
