IN THE MATTER OF the Mortgage Brokerages, Lenders and Administrators Act, 2006,
S.O. 2006, c.29, as amended (the “Act”), in particular sections 2, 38, 39, and 43;
AND IN THE MATTER OF Jeshuren Anandarajah (“Anandarajah”).
COMPLIANCE ORDER and ORDER IMPOSING ADMINISTRATIVE PENALTIES
On July 8, 2021, by delegated authority from the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario (the “Chief Executive Officer”), the Director, Litigation and Enforcement (the “Director”) issued a Notice of Proposal as follow:
A Request for Hearing (Form 1) dated July 21, 2021, was delivered to the Financial Services Tribunal (the “Tribunal”) in accordance with sections 35(4) and 39(5) of the Act respecting the Notice of Proposal.
On February 23, 2023, Anandarajah withdrew the Request for Hearing, and on February 28, 2023, the Tribunal closed its file in respect of this matter. This order is made pursuant to a settlement entered into by Anandarajah and the Director.
Administrative penalties in the total amount of $30,000 are hereby imposed on Jeshuren Anandarajah, for the reasons set out in the Minutes of Settlement.
For reasons set out in the Minutes of Settlement, it is hereby ordered that Jeshuren Anandarajah permanently cease dealing in mortgages without being licensed under the Act.
TAKE NOTICE THAT the Financial Services Regulatory Authority of Ontario will deliver an invoice to Jeshuren Anandarajah with information as to where and how to pay the administrative penalties. Jeshuren Anandarajah must pay the administrative penalties no later than 30 days after the order is issued, or as otherwise agreed.
If Jeshuren Anandarajah fails to pay the administrative penalties in accordance with the terms of this Order, the Chief Executive Officer may file the Order with the Superior Court of Justice and the Order may be enforced as if it were an order of the court. An administrative penalty that is not paid in accordance with the terms of the order imposing the penalty is a debt due to the Crown and is enforceable as such.
DATED at Toronto, Ontario, March 7, 2023
Original signed by
Director, Litigation and Enforcement
By delegated authority from the Chief Executive Officer
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