TORONTO, Feb. 2, 2026 /CNW/ - The Financial Regulatory Authority of Ontario, FSRA, has suspended the mortgage agent licence of Chanderkant Jindal (Jindal), and upon completion of the suspension period, FSRA will impose conditions on Jindal's mortgage agent licence. FSRA also imposed an administrative penalty of $5,000 against Jindal.
Jindal contravened the Insurance Act, 2006, R.S.O. 1990, c.I.8, as amended by making false or misleading statements or representations when soliciting or registering insurance, contrary to section 17(c) of Ontario Regulation 347/04.
FSRA issued these Orders as a result of a settlement with Jindal.
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
Senior Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]
SOURCE Financial Services Regulatory Authority of Ontario
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