FSRA revokes the licence of Nakhwattie (Debbie) Somai

TORONTO, Feb. 7, 2025 /CNW/ - Ontario's financial services regulator, FSRA, has revoked the insurance agent licence of Nakhwattie (Debbie) Somai (Somai).

Somai repeatedly failed to provide requested information to FSRA and breached a licensing condition by not facilitating an examination by FSRA, contrary to sections 442.3(3) and 443(1) of Insurance Act, R.S.O. 1990, c.I.8, as amended.

Somai did not request a hearing before the Financial Services Tribunal or contest FSRA's proposal.

Learn more:

Access our enforcement database to see how FSRA is working to protect consumers through its monitoring and enforcement activities. 

For media inquiries:

Russ Courtney
Senior Manager of Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: russ.courtney@fsrao.ca

SOURCE Financial Services Regulatory Authority of Ontario