The appellant appealed an order revoking his Level II life insurance agent's licence and applied for a stay of the order pending the appeal.
The Financial Services Tribunal applied the three-part test for granting a stay.
The Tribunal found that the risk of harm to the public if the stay were granted, given the appellant's past misconduct and risk of recidivism, outweighed the irreparable harm the appellant would suffer from being unable to earn a livelihood as an agent.
The application for a stay was dismissed.
