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

https://www.fsrao.ca/announcements/fsra-takes-enforcement-action-against-sabine-quattrociocchi-and-diamond-capital-investments-inc
Success
Service Lending Providers 88% Retail Banking 15%
Specialism Enforcement - Financial Penalty 85% Supervision 70%
2026-02-17 16:26:16 · 2@vixio.support
ID
2879964
GUID
4f2efd79e33c147e5ae8b14960ab7e2f

Classification

Service
Lending Providers (88%)

The update concerns enforcement action against entities engaged in unlicensed mortgage dealing and mortgage administration, which are core lending/credit activities regulated under Ontario's mortgage brokerage framework.

Retail Banking (15%)

Low confidence — REQUIRES HUMAN REVIEW. While Diamond Capital is described as an 'investment firm,' the enforcement action focuses exclusively on mortgage lending violations, not investment services; Investment Services does not apply here.

Specialism
Enforcement - Financial Penalty (85%)

The update describes FSRA imposing administrative penalties of $50,000 against named entities for specific regulatory breaches (unlicensed mortgage dealing and false information provision), which constitutes a formal enforcement action with a financial penalty component.

Supervision (70%)

Low confidence — requires human review. While the enforcement relates to mortgage brokerage licensing rather than payment services, the secondary tag reflects the regulatory oversight and monitoring framework that FSRA applies across the financial services sector.

The Financial Services Regulatory Authority of Ontario (FSRA), has imposed administrative penalties in the total amount of $30,000 against Sabine Quattrociocchi (Quattrociocchi) and $20,000 against Diamond Capital Investments Inc. (Diamond Capital).Quattrociocchi contravened the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29, as amended (the Act) as follows:

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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.
  • ✓ Scraped:2026-02-17 16:26:16
  • ✓ Created:2026-02-17 16:26:16
  • ✓ By:2@vixio.support (2)