FST Decisions

​This link (FST Reasons for Decisions [New Window]) will redirect you to the Canadian Legal Information Institute (CanLII) website, which contains reasons for decision issued by the Tribunal since its inception.

The official version of the reasons for decision is the signed original in the Tribunal file. In the event that there is a question about the content of reasons issued by the Tribunal, the original in the Tribunal file takes precedence.

Decisions of the PCO

FSCO's Summaries of FST and PCO Decisions

FST Decision Summaries (current to August 2, 2019)

Researching cases on the CanLII website may be a difficult task for persons without legal training. To make it easier for Applicants/Appellants facing regulatory sanctions to do research, a list of Tribunal cases is available below, and is updated from time to time. This list of cases only includes decisions issued by the Tribunal since January 1, 2016. There are many Tribunal decisions prior to that date. These earlier decisions can be accessed through www.canlii.org. This list is provided as a convenient resource to enable parties to start researching decisions that may be relevant to their case. It is not meant to suggest that these are the only relevant cases. To properly support or argue a party’s position in a particular matter, it may be useful to bring to the Tribunal’s attention other decisions of the Tribunal, other administrative agencies, Boards or tribunals, or courts, all of which can be accessed through www.canlii.org. In addition, there may be other helpful resources available such as legal texts and articles that may be found through online searches. Parties may wish to seek advice from a licensed legal professional.

Terms:
AMP – Administrative Monetary Penalty
CEO - Chief Executive Officer of the Financial Services Regulatory Authority
DICO – Deposit Insurance Corporation of Ontario
FSRA - Financial Services Regulatory Authority
NOA – Notice of Appeal
NOID – Notice of Intended Decision
NOP – Notice of Proposal
Reg. No. – Pension Plan Registration Number
RFH – Request for Hearing
Superintendent – Superintendent of Financial Services


Credit Union

​File No./ Citation​Decision Date​NOP/ Order​Applicant(s)/ Appellant(s)​Respondent​Added Parties​Decision Summary

​CU795-2018

2018 ONFST 21

​September 28, 2018​Order pursuant to subsection 279(1)(3) of the Act (supervision)​Creative Arts Savings and Credit Union Limited​DICO​Decision regarding evidence allowed at an appeal


 

Insurance

​File No./ Citation​Decision Date​​NOP/ Order​​Applicant(s)/ Appellant(s)​Respondent​​Added Parties​Decision Summary
​I0613-2014
2016 ONFST 1
​January 5, 2016​Impose an AMP​Qiong Ying Song​Superintendent​NOP upheld, $500 AMP
​I0625-2015
2016 ONFST 3
​February 11, 2016​​Impose an AMP​James Beeksma​Superintendent​NOP partially upheld, AMP lowered from $1,800 to $1,000

​I0569-2014

2016 ONFST 6

​March 15, 2016​Impose an AMP​Minoo Razavi-Ebrahimi​Superintendent​NOP upheld, $1,000 AMP

​I0637-2015

2016 ONFST 9

​March 24, 2016​Impose an AMP​Shahid Ahmed Mirza​Superintendent​NOP upheld, $1,250 AMP

​IA668-2015

2016 ONFST 11

​April 4, 2016​Revoke licence​Brain Pereira​Superintendent​RFH dismissed for late filing

​I0676-2016

2016 ONFST 13

​July 25, 2016​Appeal of Superintendent's Decision and Order​Jeffrey Murray Willis​Superintendent​Dismiss Applicant's reqeust for stay of advisory board suspension pending Tribunal hearing

​IA680-2016

2016 ONFST 14
​August 3, 2016​Refuse renewal​Marco Moras​Superintendent​RFH dismissed for failure to appear

​I0697-2016

2016 ONFST 18

​November 7, 2016​Impose an AMP​Trisha Dennis​Superintendent​NOP upheld, $1,700 AMP

​IA678-2016

2016 ONFST 19

​November 7, 2016​Refuse licence​Hugh Ashley Myers​Superintendent​NOP upheld

​I0685-2016

2016 ONFST 23

​November 28, 2016​Impose an AMP​Serena (Sheila) S. Lam​Superintendent​NOP upheld, $2,500 AMP

​I0676-2016

2016 ONFST 25

​December 8, 2016​Appeal of Superintendent's Decision and Order​Jeffrey Murray Willis​Superintendent​Order upheld

​I0730-2017

2017 ONFST 8

​July 27, 2017​Impose an AMP​Nimfa Lacorte Manigbas​Superintendent​NOP upheld, $2,000 AMP

I0718-2016

2017 ONFST 9

​August 9, 2017​Impose an AMP​Walkira Vasquez​Superintendent​NOP upheld, $2,200 AMP

​I0706-2016

2017 ONFST 11

​August 30, 2017​Impose an AMP​Rajiv Srivastava​Superintendent​NOP upheld, $1,650 AMP

​IA728-2017

2017 ONFST 12

​August 31, 2017​Issue licence with conditions​Roland Spiegel​Superintendent​Orders regarding Applicant's motion for disclosure and interim orders

​I0720-2017

I0721-2017

I0722-2017

2017 ONFST 15

​November 15, 2017​Impose an AMP

​The North Kent Mutual Fire Insurance Company

Gregg Tuckwell

Brian Ennett

​Superintendent

​AMP against North Kent lowered

AMPs upheld against Tuckwell and Ennett

​I0746-2017

2017 ONFST 18

​November 28, 2017​Impose an AMP​Herman Burke​Superintendent​RFH dismissed for Applicant's failure to participate

​I0749-2017

2017 ONFST 21

​December 18, 2017​Impose an AMP​Curtis K. Ceasar​Superintendent​RFH can continue, not filed late

​IA728-2017

2018 ONFST 1

​January 17, 2018​Issue licence with conditions​Roland Spiegel​Superintendent​Superintendent's motion to adjourn hearing denied

​I0744-2017

2018 ONFST 3

​February 12, 2018​Impose an AMP​Muhammad Sajjad Khan​Superintendent​NOP upheld, $1,700 AMP

​I0776-2018

2018 ONFST 5

​March 19, 2018​Order imposing summary administrative penalties​Brian Wang​Superintendent​NOA dismissed for late filing

​IA728-2017

2018 ONFST 6

​April 12, 2018​Issue licence with conditions​Roland Spiegel​Superintendent​Applicant's motion for particulars denied

​I0755-2017

2018 ONFST 8

​April 26, 2018​Impose an AMP​Jermaine (Jay) Reid​Superintendent​NOP partially upheld, AMP lowered from $1,300 to $750

​IA760-2017

2018 ONFST 9

​May 17, 2018​Refuse renewal​Ikechukwu Dele Nwaeze​Superintendent​NOP upheld

​IA753-2017

2018 ONFST 10

​May 23, 2018​Refuse licence​Edward Szymkiewicz Anthony​Superintendent​NOP upheld

​I0707-2016

2018 ONFST 11

​May 25, 2018​Impose an AMP​Timothy W. Townson​Superintendent​RFH dismissed for failure to appear

​I0761-2017

2018 ONFST 12

​June 4, 2018​Impose an AMP​Varshaben Suthar​Superintendent​NOP upheld, $1,650 AMP

​IA763-2017

2018 ONFST 13

​June 5, 2018​Refuse licence​Krishan Rajaratnam​Superintendent​RFH dismissed, no steps taken in proceeding for undue period of time

​IA800-2018

2018 ONFST 14

​June 19, 2018​Revoke licence & Impose an AMP​Jyoti Maharana​Superintendent​RFH dismissed for late filing

​I0748-2018

2018 ONFST 15

​July 6, 2018​Impose an AMP​Ramanjot Saini​Superintendent​NOP upheld, $2,000 AMP

​I0806-2018

2018 ONFST 16

​July 27, 2018​Impose an AMP​Servillano Mado​Superintendent​RFH dismissed, no jurisdiction

​I0782-2018

2018 ONFST 22

​October 12, 2018​Impose an AMP​Nirmal Khamba​Superintendent​NOP partially upheld, AMP lowered from $2,000 to $1,000

​IA786-2018

2018 ONFST 24

​December 7, 2018​Suspend licence​Gerald Auger​Superintendent​NOP upheld

​IA728-2017

2019 ONFST 2

​January 17, 2019​Issue licence with conditions​Roland Spiegel​Superintendent​Orders re. Law Society appeal

​IA793-2018

2019 ONFST 3

​January 29, 2019Revoke licence​​John Willoughby​Superintendent​Motion re. disclosure

​I0855-2018

2019 ONFST 4

​February 15, 2019​Impose an AMP​Roberta Mattocks​Superintendent​RFH dismissed for late filing

​IA839-2018

2019 ONFST 7

​April 5, 2019​Suspend licence & Impose an AMP​Gil De Los Reyes​Superintendent​NOP upheld, $1,750 AMP
​IA826-2018
IA843-2018
2019 ONFST 9
​April 24, 2019​Revoke licences​Sukhdev Singh Sohi & Kuldip Sandhu​Superintendent​NOPs upheld
I0869-2019
2019 ONFST 11

​June 3, 2019​Revoke licence​Tony Bisirri​SuperintendentRFH dismissed for late filing​
IA791-2018
IA805-2018
2019 ONFST 17
July 29, 2019 Suspend licence & Amend licence Walter Barubek & Walter R. Barubek Insurance Agency Ltd. CEO   Refuse to dismiss NOPs due to limitations issue
I0880-2019
2019 ONFST 18
October 1, 2019 Revoke licence Gerson Rodrigues CEO   NOP upheld
IA868-2018
2019 ONFST 20
October 31, 2019 Refuse renewal Trever B. D'Mello CEO   NOP upheld
I0870-2019
2019 ONFST 21
November 22, 2019 Revoke licence Archibald F. Lobo CEO   NOP upheld


 

Mortgage

​File No./ Citation​Decision Date​NOP/ Order​Applicant(s)/ Appellant(s)​Respondent​Added Parties​Decision Summary

​M0670-2015

2016 ONFST 4

​February 16, 2016​Revoke licences

​Metro Financial Planning

Dinesh Khanna

​Superintendent​No jurisdiction to stay or lift Superintendent's interim suspension order

​M0655-2015

2016 ONFST 12

​April 14, 2016​Impose an AMP​Kelly Olsen​Superintendent​NOP partially upheld, AMP lowered from $1,000 to $500

​M0643-2015

2016 ONFST 16
​September 8, 2016​Revoke licences

​MSF Group Inc.

Lilia Reznik

​Superintendent​NOP upheld

​M0577-2014

2016 ONFST 17

​September 8, 2016​Revoke licence​Kapil Joshi​Superintendent​Licence reinstated

​M0664-2015

2016 ONFST 20

​November 9, 2016​Revoke licence​Matthew Vettese​Superintendent​NOP partially upheld, licence conditions imposed

​M0694-2016

2016 ONFST 21

​November 9, 2016​Refuse licence​Joseph Tukacs​Superintendent​RFH not dismissed, Applicant to file complete RFH

​M0643-2015

2016 ONFST 22

​November 22, 2016​Revoke licences

​MSF Group Inc.

Lilia Reznik

​Superintendent​Request for review dismissed

​M0702-2016

2016 ONFST 24

​December 2, 2016​Refuse renewal and impose AMPs​Denis Blake​Superintendent​RFH dismissed for late filing

​M0696-2016

2016 ONFST 26

​December 16, 2016​Refuse licence​Lisa Martin​Superintendent​NOP partially upheld, issue licence with conditions

​M0708-2016

2017 ONFST 1

​February 22, 2017​Refuse renewal​Godefrey Clarke​Superintendent​RFH dismissed for failure to appear

​M0673-2016

2017 ONFST 2

​February 22, 2017​Revoke licence​Metrozen Capital Inc.​Superintendent​RFH dismissed for failure to comply with orders

​M0711-2016

M0712-2016

M0716-2016

2017 ONFST 3

​March 7, 2017​Amend licence to impose condition, revoke licence and impose an AMP

​Hetal Saggu

Sundeep Saggu

Kirin Singh

​Superintendent​Matters not to be consolidated

​M0670-2015

M0704-2016

2017 ONFST 4

​May 8, 2017​Revoke licence and refuse licence

​Metro Financial Planning Limited

Dinesh Khanna

​Superintendent​NOPs upheld

​M0471-2011

2017 ONFST 6

​June 16, 2017​Revoke licence and order to freeze assests and trust funds

​Lexxco Investment Services Corporation

Andre Lewis

​Superintendent​RFH dismissed, no steps taken in proceeding for undue period of time

​M0670-2015

M0704-2016

2017 ONFST 7

​June 26, 2017​Revoke licence and refuse licence

​Metro Financial Planning Limited

Dinesh Khanna

​Superintendent​Applicants' request for review denied

​M0725-2017

2017 ONFST 10

​August 10, 2017​Order imposing summary administrative penalty​Centum Premium Financial Inc.​Superintendent​RFH dismissed for late filing

​M0735-2017

2017 ONFST 16

​November 20, 2017​Impose compliance order to cease and desist unlicensed activity​Pannirshelvan Kannuthurai​Superintendent​RFH dismissed for late filing

​M0713-2016

M0714-2016

M0715-2016

2017 ONFST 17

​November 23, 2017​Revoke licences, refuse licence, impose compliance order and refuse licence surrender application

​Tier 1 Transation Advisory Services Inc.

Bhaktraj Singh

First Commonwealth Mortgage Corporation

Jude Cassimy

Tier 1 Mortgage Corporation

Dave Balkisssoon

​Superintendent​Superintendent allowed to amend NOP

​M0750-2017

2017 ONFST 19

​December 4, 2017​Revoke licence and refuse licence

​Mpire Credit Corporation

Michael "Mick" Cavanagh

​Superintendent​RFH dismissed for late filing

​M0747-2017

2017 ONFST 20

​December 12, 2017Amend licence and impose an AMP​​Sudharshini Ponniah​Superintendent​RFH dismissed for late fiing

​M0762-2017

2018 ONFST 2

​January 31, 2018​Revoke licence and impose an AMP​Gokulesh Shah​Superintendent​RFH dismissed for late filing

​M0734-2014

M0768-2017

2018 ONFST 4

​March 19, 2018

​Revoke licence and impose an AMP

Refuse application for surrender of licence

​Girish Gulati​Superintendent​NOPs upheld

​M0797-2018

2018 ONFST 17

​August 16, 2018​Refuse licence​Lilia Shtivelman​Superintendent​NOP upheld

​M0742-2017

2018 ONFST 18

​September 17, 2018​Revoke licence​Dwight Grange​Superintendent​RFH dismissed, licence expired

​M0807-2018

2018 ONFST 19

​September 25, 2018​Revoke licence​Alireza (Babak) Zavalat​Superintendent​RFH dismissed for late filing

​M0809-2018

2018 ONFST 20

​September 25, 2018​Suspend licence​Nasi Vaghef​Superintendent​RFH dismissed for late filing

​M0759-2017

2018 ONFST 23

​October 24, 2018​Impose AMPs​2210968 Ontario Inc. operating as GCA Group​Superintendent​RFH dismissed, no steps take in proceeding for undue period of time

​M0799-2018

2019 ONFST 1

​January 10, 2019​Impose AMP​SD Capital Management Ltd.​Superintendent​NOP partially upheld, AMP lowered from $2,500 to $1,500

​M0825-2018

2019 ONFST 6
​February 28, 2019​Refuse Licence​Muhammad Aslam Bajwa​Superintendent​NOP upheld

​M0864-2018

M0865-2018

M0866-2018

2019 ONFST 14

​July 2, 2019​Revoke licences

​Money Gate Corp.

Morteza Katebian

Payam Katebian

​CEO​Motion to adjourn denied
M0844-2018
2019 ONFST 15
July 18, 2019 Amend Licence & Impose AMP Winniefred Lee o/a Mortgage Dimensions Company of Canada & Winniefred Lee CEO   RFH dismissed for failure to appear


 

Pension

​​File No./ Citation​Decision DateNOID​Applicant(s)/ Appellant(s)​Respondent​Added Parties​Pension Plan​Decision Summary

​P0647-2015
2016 ONFST 2

February 3, 2016​Consent under section 78(1) of the Act relating to the payment out of the pension fundAnne Marie Carey et. al.Superintendent

Alex Harvey & David Kidd

Garry Yip & Lou Nuspl

The Canada Life Assurance Company

Trustees of the Canaada Life Canadian Employees' Pension Plan

​The Canada Life Canadian Employees' Pension Plan, Reg. No. 0354563RFH dismissed, no jurisdiction

​P0629-2015

2016 ONFST 5

​March 15, 2016​Refuse to make an order under section 87(2)(c) of the Act​Chris Hiscocks​Superintendent​DRS Technologies Canada Ltd.​DRS Technologies Canada Company Employees Pension Plan, Reg. No. 1040112​NOID upheld

​P0663-2015

2016 ONFST 15

​August 16, 2016​Refuse to make an order under subsection 87(2) of the Act​Josef Dudumas​Superintendent​CROWN Metal Packaging Canada LP​CROWN Metal Packaging Canada LP Pension Plan for Hourly Employees, Reg. No. 0474213​NOID upheld, Applicant to pay $500 in costs to CROWN

​P0698-2016

2017 ONFST 5

​May 16, 2017​Refuse to make an order under subsection 22(1), cluase 42(1)(b) and subsection 87(2) of the Act​Phillip Boucher​Superintendent​Ontario Pension Board​Public Service Pension Plan, Reg. No. 0208777​NOID upheld

​P0717-2016

2017 ONFST 13

​October 6, 2017​Refuse to make an order under section 74 of the Act​Timothy Bonner​Superintendent​Martinrea Metallic Canada inc. ​Retirement Plan for Martinrea Metallic Canada Inc. - Hourly, Reg. No. 1048925​NOID upheld

​P0801-2018

2019 ONFST 5

​February 22, 2019​Refuse to make an order under section 87 of the Act​Kenneth Abrams​Superintendent​Trustees of the Colleges of Applied Arts and Technology Pension Plan​Colleges of Applied Arts and Technology Pension Plan, Reg. No. 0589895)​RFH dismissed, no steps taken in proceeding for undue period of time
​P0815-2018
2019 ONFST 12
​June 14, 2019​Refuse to make an order under section 87 of the Act​Atul Kumar​Superintendent​Ontario Pension Board​Public Service Pension Plan, Reg. No. 0208777​NOID upheld
P0796-2018
2019 ONFST 16
July 23, 2019 Approve, under section 70, the Second Addenda to the Wind Up Reports &

Refuse to Make Orders under sections 87(1) and (4) of the Act
David Archibald, Donald Sproule, Michael Campbell & Susan Kenney as the Court Appointed Representatives of the Former Employees of Nortel Networks Corporation and Several of its Affiliated Companies CEO Morneau Shepell Ltd. Nortel Networks Negotiated Pension Plan, Reg. No. 0587766

Nortel Networks Managerial & Non-Negotiated Pension Plan, Reg. No. 0342048
NOID upheld
P0846-2018
2019 ONFST 19
October 25, 2019 Refuse to make an order under section 87 of the Act Unifor CEO General Motors of Canada Company General Motors Canadian Hourly-Rate Emmployees' Pension Plan, Reg. No. 03440968 Orders regarding Applicant's motion for disclosure

Service Providers

​File No./ Citation​Decision Date​​NOP/ Order​Applicant(s)/ Appellant(s)​Respondent​Added Parties​Decision Summary

​SP657-2015

2016 ONFST 7

​March 15, 2016​Revoke licence​JB Lifestyle Inc.​Superintendent​RFH dismissed for late filing

​SP658-2015

2016 ONFST 8

​March 17, 2016​Revoke licence​Elury Health Services Inc.​Superintendent​RFH not dismissed for lack of appearance by Applicant

​SP658-2015

2016 ONFST 10

​March 30, 2016​Revoke licence​Elury Health Services Inc.​Superintendent​RFH dismissed for failure to appear

​SP729-2017

2017 ONFST 14

​October 30, 2017​Refuse licence​9897224 Canada Inc. c.o.b. as Back2Life Wellness & Rehab​Superintendent​NOP not upheld, licence issued

​SP738-2017

2018 ONFST 7

​April 25, 2018​Impose an AMP​1631776 Ontario Inc. o/a South Barrie Health Group​Superintendent​NOP not upheld

​SP803-2018

2019 ONFST 8

​April 24, 2019Impose an AMP​2432396 Ontario Limited o/a Midland Wellness Centre & Banujan Thayaparan​​Superintendent​NOP partially upheld, AMP lowered from $2,000 to $1,250

​SP852-2018

2019 ONFST 10

​May 8, 2019​Refuse licence​Weston Village Rehab Clinic Inc.​Superintendent​NOP upheld

​SP858-2018

2019 ONFST 13

​June 27, 2019​Impose an AMP​2517605 Ontario Inc. o/a Meditecs Independent Medical Examinations​CEO​RFH dismissed for late filing