TORONTO, July 24,
2024 /CNW/ - Ontario's financial services
regulator, FSRA, imposes licence conditions on Nexus
Seulal ("Seulal").
FSRA issued this order as a result of a decision of the
Financial Services Tribunal (Tribunal), dated April 4, 2024.
Based on Seulal's past conduct in the banking industry, he
presents an ongoing risk to the public should he join the mortgage
brokering industry.
The Tribunal directed FSRA to issue the licence with conditions
to address the risks identified. FSRA had proposed to refuse the
licence.
Learn more:
Access our enforcement database to see how FSRA is
working to protect consumers through its monitoring and enforcement
activities.
For media inquiries:
Russ Courtney
Sr. Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: russ.courtney@fsrao.ca
SOURCE Financial Services Regulatory Authority of Ontario