The appellant appealed an order striking his application challenging an Ontario Securities Commission regulation that allows individuals to purchase stocks in the "exempt market" based on minimum income and net worth thresholds.
The appellant argued that "economic class" should be recognized as an analogous ground under s. 15(1) of the Canadian Charter of Rights and Freedoms.
The motion judge struck the application, finding the claim had no reasonable prospect of success.
The Court of Appeal upheld this decision, agreeing that the appellant failed to plead sufficient facts to establish "economic class" as an analogous ground, as it lacked the characteristics of immutability or constructive immutability, and the group had not suffered historic disadvantage or stereotyping.
The appeal was dismissed with costs.
