FSRA imposes administrative penalties against Daniel George Gordon and Gordon Wealth Management Limited

TORONTO, Sept. 4, 2025 /CNW/ - Ontario's financial services regulator, FSRA, has imposed administrative penalties in the total amount of $133,500 on Daniel George Gordon (Gordon) and $150,000 on Gordon Wealth Management Limited (Gordon Wealth Management).

Gordon contravened the Insurance Act, R.S.O. 1990, c I.8, as amended (the Act), and its regulations by:

• Using coercion or undue influence to secure insurance business, contrary to section 17(a) of Ontario Regulation (O. Reg.) 347/04;
• Directly or indirectly furnishing false, misleading or incomplete information to FSRA, contrary to section 447(2) of the Act; and
• Failing to maintain E&O insurance or suitable financial guarantee, contrary to section 13 of O. Reg. 347/04.

Gordon Wealth Management contravened the Act and its regulations by using coercion or undue influence to secure insurance business, contrary to section 17(a) of O. Reg. 347/04.

FSRA issued the Orders as a result of the Notice of Dismissal issued by the Financial Services Tribunal on July 25, 2025 and in accordance with Reasons for Decision dated June 20, 2025 in Gordon v CEO of FSRA, 2025 ONFST 7.  

Learn more:

Access our enforcement database to see how FSRA is working to protect consumers through its monitoring and enforcement activities. 

For media inquiries:

Ashley Legassic
Sr. Media Relations and Digital Officer
Financial Services Regulatory Authority
C: 647-719-8426
Email: [email protected]

SOURCE Financial Services Regulatory Authority of Ontario