The appellants appealed an Ontario Securities Commission decision finding they committed securities fraud and traded without registration.
They argued the panel breached procedural fairness by denying an adjournment, violated their Charter rights by admitting compelled testimony, and provided insufficient reasons.
The Divisional Court dismissed the appeal, holding that the adjournment refusal was reasonable, the proceedings were administrative rather than criminal so Charter protections did not apply to the compelled statements, and the panel's reasons were sufficient and correctly applied the Securities Act to a sole proprietorship.
