The applicant filed a request for a hearing to challenge a Notice of Proposal to impose a $20,000 administrative penalty for paying compensation to a non-licensee.
After a history of adjournments and failures to attend pre-hearing conferences, the applicant failed to attend the scheduled hearing, which had been set peremptory on him.
The Financial Services Tribunal applied Rule 35.01 of its Rules of Practice and Procedure to dismiss the proceeding without further hearing and without notice, ordering the CEO to carry out the Notice of Proposal.
