TITLE: Ontario's Financial Services Regulatory Authority Imposes Penalties Against Mortgage Broker and Investment Firm BODY: On February 17, 2026, the Financial Services Regulatory Authority of Ontario (FSRA) imposed administrative penalties totalling $50,000 against Sabine Quattrociocchi and Diamond Capital Investments Inc. (Diamond Capital) following a settlement agreement. Quattrociocchi was penalised $30,000 for contraventions of the Mortgage Brokerages, Lenders and Administrators Act, 2006 (the Act). These included dealing in mortgages without a licence or while not acting on behalf of a mortgage brokerage on two occasions, contrary to section 2(3) of the Act, and providing false or misleading information to FSRA, contrary to section 45 of the Act. Diamond Capital was penalised $20,000 for carrying on the business of administering mortgages without a licence or valid exemption, contrary to section 5(2) of the Act. The enforcement action demonstrates FSRA's commitment to protecting consumers through monitoring and enforcement of Ontario's mortgage sector. The penalties address unlicensed mortgage dealing activities and regulatory non-compliance. Both parties have settled with FSRA, resolving the contraventions without further proceedings. FSRA maintains a public enforcement database documenting its regulatory actions and monitoring activities across the financial services sector in Ontario. **References:** Financial Services Regulatory Authority of Ontario. (February 17, 2026). FSRA takes enforcement action against Sabine Quattrociocchi and Diamond Capital Investments Inc. Retrieved from FSRA official website.

FSRA takes enforcement action against Sabine Quattrociocchi and Diamond Capital Investments Inc. | Financial Services Regulatory Authority of Ontario

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