{"id":1282,"date":"2026-03-19T08:01:41","date_gmt":"2026-03-19T13:01:41","guid":{"rendered":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/03\/19\/fsra-cracks-down-on-alleged-mortgage-scheme-in-gta\/"},"modified":"2026-03-19T08:01:41","modified_gmt":"2026-03-19T13:01:41","slug":"fsra-cracks-down-on-alleged-mortgage-scheme-in-gta","status":"publish","type":"post","link":"https:\/\/www.realestategtatoday.ca\/index.php\/2026\/03\/19\/fsra-cracks-down-on-alleged-mortgage-scheme-in-gta\/","title":{"rendered":"FSRA Cracks Down on Alleged Mortgage Scheme in GTA"},"content":{"rendered":"

The Financial Services Regulatory Authority of Ontario (FSRA) is taking a firm stance against alleged misconduct in the mortgage industry, specifically targeting a purported promissory note scheme in the GTA. Two brokers have faced license suspensions and a brokerage in Burlington has been shut down. The FSRA alleges that Margaret (Marg) Green and Kathy Locke issued promissory notes to investors totaling approximately $4.9 million, with concerns raised about unregistered mortgages and the use of funds. This action follows other recent penalties imposed by FSRA for broker misconduct, highlighting a broader effort to ensure integrity and protect consumers in the mortgage sector. These events underscore the importance of regulatory oversight and ethical conduct in the GTA mortgage market.<\/p>\n

For more details on this developing story, visit the original article on mpamag.com.<\/p>\n

<\/p>\n

<\/div>\n

Source: Read the original article<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

FSRA suspends licenses and shuts down a brokerage in Burlington over an alleged multi-million dollar promissory note scheme, emphasizing the need for integrity in the GTA mortgage market.<\/p>\n","protected":false},"author":2,"featured_media":1281,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178,206],"tags":[400,182,495,494,244,678],"class_list":["post-1282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-data","category-residential","tag-fsra","tag-gta","tag-mortgage-brokers","tag-mortgage-fraud","tag-ontario-real-estate","tag-regulatory-action"],"_links":{"self":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/comments?post=1282"}],"version-history":[{"count":0,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/posts\/1282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media\/1281"}],"wp:attachment":[{"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/media?parent=1282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/categories?post=1282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realestategtatoday.ca\/index.php\/wp-json\/wp\/v2\/tags?post=1282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}