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Suspended mortgage broker ‘created a financial fog’, regulator argues

Hamilton mortgage broker Dennis Khanna “created a financial fog which made it impossible for his victims to figure out what was going on,” the regulator for Ontario mortgage brokers argued Thursday in Toronto.

Mortgage broker licence suspended

Arguments and allegations came from the attorney for the regulator during the closing submissions at a hearing into whether Khanna and his Hamilton firm, Metro Financial Planning Ltd. should be allowed to be a licenced mortgage broker. It’s been nearly a year since the provincial regulator suspended his licence for what it called a pattern of predatory behaviour against people who had no other option.

Read the full article at CBC News.

This article is summarized by Canadian Fraud News Inc.