TORONTO, April 20, 2026 /CNW/ - The Financial Services Regulatory Authority of Ontario, FSRA, has imposed a compliance order and administrative penalties in the total amount of $3,500 against Iftikhar Ahmad Qadeer (Qadeer).

Qadeer contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O.(EQNX::nobreakspace)2006, c. 29, as amended (the Act) as follows:

• By dealing in mortgages in Ontario for remuneration without a licence and without an exemption from the requirement to have a licence, contrary to section 2(3) of the Act; and
• By using an email address that might reasonably be expected to lead to the belief that he is a mortgage agent when he was not licensed as a mortgage agent, contrary to section 11(6) of the Act.

FSRA issued these orders as a result of a settlement with Qadeer.

Learn more:

Access our(EQNX::nobreakspace)enforcement database(EQNX::nobreakspace)to see how FSRA is working to protect consumers through its monitoring and enforcement activities.(EQNX::nobreakspace)

For media inquiries:

Lilian Kim
Sr. Media Relations Officer
Financial Services Regulatory Authority
C: (416) 617-8513
Email:(EQNX::nobreakspace)Lilian.Kim@fsrao.ca

SOURCE Financial Services Regulatory Authority of Ontario

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