TORONTO, April 4, 2025 /CNW/ – Ontario’s financial services regulator, FSRA, issued orders revoking the mortgage brokerage licence issued to Harold the Mortgage Closer Inc. (HTMC), refusing to renew the mortgage broker licence issued to Harold Gerstel (Gerstel), and imposing administrative monetary penalties in the total amount of $70,000 against Gerstel.

FSRA issued a Notice of Proposal to Revoke a Licence, to Refuse to Renew a Licence, and to Impose Administrative Penalties on June 22, 2023.

“Consumers deserve a mortgage brokering sector they can trust, and that starts with transparency, honesty and accountability, said Elissa Sinha, Director of Litigation & Enforcement at FSRA.

“The Tribunal’s decision affirms that mortgage brokers, agents and brokerages are obligated to fully co-operate with FSRA’s investigations and honestly answer FSRA’s questions. Anything less undermines confidence in the entire industry and comes with significant consequences.”

Gerstel and HTMC requested a hearing on July 6, 2023, before the Financial Services Tribunal (Tribunal).

The Tribunal found that Gerstel was not suitable to be licensed because he failed to cooperate with a regulatory investigation and repeatedly provided false or misleading information to FSRA in the investigation and on licensing applications, contrary to the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29 and its regulations.

The Tribunal also held that the imposition of administrative penalties was appropriate because of Gerstel’s “flagrant” failure to cooperate and “repudiation of FSRA’s regulatory mandate and authority.”

The Tribunal revoked the mortgage brokerage licence of HTMC because Gerstel, as principal broker, was not suitable to be licensed.

FSRA issued this order as a result of the decision of the Financial Services Tribunal in Harold Gerstel and Harold the Mortgage Closer Inc. v Ontario (CEO of FSRA), 2025 ONSF 20.

In addition, FSRA also issued a second Notice of Proposal concerning Gerstel and related entities on April 30, 2024. This second Notice of Proposal remains before the Tribunal.

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

LAS VEGAS, April 4, 2025 /PRNewswire/ — Verae™, a leader in blockchain-based solutions for digital information integrity, is proud to announce that Jim Kofalt, Chief Product Strategist at Verae, will be speaking at IAITAM ACE 2025 in Las Vegas, where he will explore how blockchain technology is transforming the future of IT asset management.

In a session titled “Blockchain in ITAM: From Hype to Real-world Value,” Kofalt will showcase real-world blockchain applications, exploring how the technology enhances end-to-end authenticity, accountability, and integrity across the asset lifecycle. The session will highlight how blockchain can eliminate data gaps, improve auditability, and build stakeholder trust.

“Today’s intensive compliance standards require a more rigorous approach toward proof and auditability,” said Kofalt. “By using blockchain, we’re helping organizations move beyond reactive asset management to proactive, verifiable systems that ease compliance and ensure the integrity of every digital interaction.”

Verae’s proprietary DataCubes™—blockchain-authenticated containers for digital records—enable enterprises to encapsulate key asset data and prove its authenticity without exposing sensitive content. This unique approach allows ITAM professionals to selectively share verifiable records across departments, vendors, and auditors with complete trust, transparency, and control. Visit verae.com to learn more.

The IAITAM Annual Conference and Exhibition (ACE) is the world’s leading IT Asset Management conference, attended by over 2000 C-level executives, IT, Financial, and Legal professionals worldwide. Verae’s participation highlights the increasing role of cutting-edge technologies in solving persistent industry challenges, from lifecycle tracking to regulatory compliance.

Highlights from the session will include:

Foundational concepts in blockchain technologyHow blockchain ensures asset data integrity and compliance throughout the IT lifecycleUse cases where Verae’s DataCubes™ provide real-time verification and audit readiness

Event Details: IAITAM ACE 2025, April 22, 2025, 2:15-3:15 pm, Room: Messina 1

Session: Blockchain in ITAM: From Hype to Real-world Value

Presented by: Jim Kofalt, Chief Product Strategist, Verae

About Verae: Verae™ secures the integrity of digital records through blockchain technology. Co-founded by blockchain co-inventor Stuart Haber, Verae enables organizations to enhance trust, transparency, and traceability across digital ecosystems.

View original content to download multimedia:https://www.prnewswire.com/news-releases/verae-to-present-on-blockchain-applications-in-it-asset-management-at-iaitam-ace-2025-302421135.html

SOURCE Verae

BANGALORE, India, April 4, 2025 /PRNewswire/ — Thin Film Lithium Niobate (TFLN) Modulator Market is Segmented by Type (Thin Film Lithium Niobate Phase Modulator, Thin Film Lithium Niobate Intensity Modulator), by Application (Optical Communication, Cable Television, Data Center, Microwave Photon, Fiber Optic Gyroscope, Fiber Optic Sensing, Video Transmission).

The Global Market for Thin Film Lithium Niobate (TFLN) Modulator was valued at USD 356 Million in the year 2024 and is projected to reach a revised size of USD 3829 Million by 2031, growing at a CAGR of 41.0% during the forecast period.

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Major Factors Driving the Growth of Thin Film Lithium Niobate (TFLN) Modular Market:

The TFLN Modulator Market advances steadily as industries embrace high-performance photonic devices for faster, more energy-efficient communications. Vendors differentiate through specialized solutions, integrating TFLN designs into optical modules, data centers, and wireless infrastructure. Continuous R&D enhances device lifespan and lowers production costs, encouraging new entrants and fueling competition. End users benefit from improved bandwidth, minimized latency, and robust reliability in applications ranging from telecom networks to sensing systems. Strategic collaborations further accelerate product innovation, allowing broader adoption across industrial, consumer, and defense segments. As global data demand escalates, TFLN modulators prove indispensable for scaling capacity and preserving signal quality. Consequently, the market thrives under strong demand and technological evolutions, promising long-term opportunities for both established and emerging players.

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TRENDS INFLUENCING THE GROWTH OF THE THIN FILM LITHIUM NIOBATE (TFLN) MODULATOR MARKET:

Thin Film Lithium Niobate phase modulators stimulate the TFLN Modulator Market by delivering superior modulation efficiency in compact footprints. Their ability to manipulate the phase of optical signals precisely is essential for next-generation communication systems and advanced photonic circuits. These modulators reduce signal degradation and power consumption, aligning with industry demands for sustainability and cost-effectiveness. By integrating easily into high-speed networks, they enable faster data transfers while maintaining signal integrity. Their lightweight, stable nature also suits harsh environmental conditions, making them valuable in aerospace and defense applications. As miniaturization trends accelerate, these phase modulators fit seamlessly into smaller, more complex devices. Together, these qualities make them a vital component, spurring continuous adoption across diverse technology sectors.

Thin Film Lithium Niobate intensity modulators amplify the TFLN Modulator Market by offering high extinction ratios and broad bandwidths for advanced signal processing. These devices adjust the amplitude of light signals, allowing refined control in optical communication systems. Their low driving voltage and stable performance meet the demands of emerging data centers and 5G infrastructures. Manufacturers benefit from streamlined integration into existing platforms, reducing overall design complexity. Furthermore, the modulators’ inherent electro-optic properties minimize energy loss and enhance thermal stability, promoting reliable operation under varied conditions. By enabling precise intensity control, these solutions support flexible data routing and secure transmissions. They also open opportunities for cutting-edge applications in sensing and imaging, expanding the market’s scope and investment potential.

Optical communication accelerates the TFLN Modulator Market by demanding high-speed, low-loss signal transmission for global data networks. TFLN modulators play a key role in shaping and routing light pulses with remarkable clarity, boosting throughput and connectivity. As internet usage and cloud computing surge, operators require scalable, energy-efficient solutions, positioning these modulators as strategic assets. Their compact size aligns with the need to condense infrastructure into smaller footprints while maintaining reliability. Additionally, TFLN devices support longer-distance transmission without repeated signal regeneration, reducing equipment costs and complexity. This efficiency becomes increasingly vital for emerging applications, such as quantum communications and edge computing. By enhancing bandwidth and reliability, optical communication spurs innovation, cementing TFLN modulators as integral enablers of future networks.

Global networks demand accelerated data rates to support streaming, telemedicine, and remote collaboration. TFLN modulators address this urgency by delivering higher bandwidth and reduced latency. Their efficient electro-optic properties enable faster light modulation, satisfying performance requirements in data centers and 5G networks. Users benefit from swift content delivery and real-time data analytics, driving sustained interest in these solutions. Additionally, growth in cloud services and online platforms perpetuates the need for reliable, ultra-fast communication channels. As businesses compete globally, robust connectivity becomes a strategic imperative, spurring investments in advanced modulator technology. By consistently surpassing older modulation methods, TFLN modulators fulfill critical speed criteria for diverse sectors, firmly placing them at the forefront of high-speed data demand worldwide.

Rapid 5G deployments and surging cloud services underscore the crucial function of TFLN modulators. They offer ultra-low loss and high linearity, supporting complex signal formats essential to modern telecommunications. When integrated with 5G base stations, these modulators accommodate dense data requirements while conserving power. Cloud service providers also leverage TFLN technology to maintain seamless data transfers, enabling resource-intensive operations like artificial intelligence and virtual reality. By optimizing bandwidth usage, these devices reduce operational overhead, improving network efficiency. Moreover, TFLN modulators’ small footprint fosters easier placement in congested environments where hardware space is scarce. As 5G and cloud computing continue evolving, the capability of these modulators to enhance performance cements their role in future infrastructure expansions.

Escalating energy costs and sustainability goals elevate the importance of TFLN modulators, known for their power-saving design. Because lithium niobate exhibits strong electro-optic effects, relatively low voltages achieve substantial modulation depth. This energy-efficient approach benefits operators striving to reduce greenhouse gas emissions and operational expenses. Data-heavy applications, such as online gaming and media streaming, emphasize the value of minimized power usage without compromising performance. Governments and stakeholders increasingly promote “green” tech solutions, further propelling interest in TFLN platforms. Over time, businesses adopting these modulators enjoy decreased heat generation and simpler thermal management, lowering maintenance demands. By combining high performance with reduced resource consumption, TFLN modulators reinforce modern environmental imperatives and foster market expansion.

The broader photonics ecosystem flourishes alongside the TFLN Modulator Market, creating symbiotic growth. Innovators developing lasers, waveguides, and detectors rely on compatible modulators to achieve optimal device performance. As end users seek integrated photonic solutions, TFLN-based components become instrumental in bridging discrete technologies. This collaborative environment encourages standardization, streamlining production and boosting cost competitiveness. Researchers continually refine lithium niobate thin films, pushing boundaries in doping techniques and waveguide engineering. By improving device functionality, these advancements unlock emerging markets, including lidar sensing and microwave photonics. Consequently, expanded photonics applications translate to heightened demand for TFLN modulators. This interlinked ecosystem ensures that innovations in one photonic domain amplify opportunities across the entire chain.

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LITHIUM NIOBATE (TFLN) MODULATOR MARKET SHARE:

North America leads with strong funding for photonics research and widespread telecom infrastructure upgrades, paving the way for rapid adoption.

Europe follows closely, emphasizing collaborative R&D projects and stringent performance standards that spur innovation.

Key Companies:

●       Thinfilm

●       Srico, Inc.

●       Photonic Systems

●       Advanced Fiber Resources

●       Ori-Chip

●       Eoptolink Technology

●       Linktel Technologies

●       HyperLight

●       Verics

●       Tianjin Liniom

●       Guangzhou Niobao Optoelectronics

●       Tianjin H-Chip Technology Group

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–          Thin Film Lithium Niobate Optical Modulator Market was valued at USD 446 Million in the year 2023 and is projected to reach a revised size of USD 1248 Million by 2030, growing at a CAGR of 15.7% during the forecast period.

–          Lithium Niobate Phase Modulator Market

–          Lithium Niobate (LN) Modulators Market

–          Lithium Niobate Market was valued at USD 158 Million in the year 2024 and is projected to reach a revised size of USD 184 Million by 2031, growing at a CAGR of 2.2% during the forecast period.

–          Lithium Niobate Phase Modulator Market

–          Mg-Doped Lithium Niobate Wafer Market

–          Lithium Niobate Electro-optical Phase Modulator Market

–          Magnesium Oxide Doped Lithium Niobate (MgO:LiNbO3) Crystal Market was estimated to be worth USD 42 Million in 2023 and is forecast to a readjusted size of USD 58 Million by 2030 with a CAGR of 4.8% during the forecast period 2024-2030.

–          Lithium Market

–          Large Size Lithium Niobate Wafer Market

–          Lithium Niobate on Insulator (LNOI) Modulators Market

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