FSRA imposes a compliance order and administrative penalties against Peter Maccabe and 2070375 Ontario Inc. o/a McGill Health Services.

TORONTO, April 27, 2022 /CNW/ - The Financial Services Regulatory Authority of Ontario (FSRA) issued an order imposing a compliance order and administrative penalties in the total amount of $5,000 on Peter Maccabe and $10,000 on 2070375 Ontario Inc. o/a McGill Health Services.

Peter Maccabe and McGill Health Services failed to comply with an obligation assumed by way of an undertaking under the Act as defined under section 444.1(d) of the Act.

FSRA issued this order as a result of a decision of the Financial Services Tribunal dated March 4, 2022.

Read FSRA's Order here
Read the Financial Services Tribunal decision here
Read the Notice of Proposal here

Learn more:

FSRA is working to protect consumers through its monitoring and enforcement activities link to monitoring and enforcement page.

FSRA continues to work on behalf of stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone. Learn more at www.fsrao.ca   

SOURCE Financial Services Regulatory Authority of Ontario

FOR MEDIA INQUIRIES: Russ Courtney, Sr. Media Relations and Digital Officer, Financial Services Regulatory Authority, C: 437-225-8551, Email: [email protected]