Decision in brief: Deeb, Application for Review, Stay Motion, May 21, 2026

Citation

Deeb v Canadian Investment Regulatory Organization, 2026 ONCMT 22

Arbitres
James Douglas, Judith Robertson and Mary Condon
Date des motifs:
Numéro de dossier:
2026-10
Type d'audience:
Motion
Parties:
Peter Michael Deeb v Canadian Investment Regulatory Organization and Ontario Securities Commission

Peter Michael Deeb asked the Tribunal to stay (pause) a decision of the Canadian Investment Regulatory Organization (CIRO) until his application for review of it and a related decision is decided by the Tribunal. He said that if the stay is not granted, he would not be able to continue working in his current roles with his employer and its parent company.

The Tribunal denied Deeb’s request for a stay because he did not satisfy the legal test. One part of that test says that a person must show that they would suffer irreparable harm if the stay is not granted. This means harm that cannot be fixed later, including through money. Deeb did not show that he would suffer irreparable harm. He did not provide any evidence that his clients will leave, that he will lose his employment or of how his finances or income will be affected if a stay is not granted.

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