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Philip Anisman, Chair of the Panel

May 15, 2017

(Subsections 127(1) and (10) of the Securities Act, RSO 1990, c S.5)

WHEREAS on May 15, 2017, the Ontario Securities Commission held a hearing at the Commission’s offices at 20 Queen Street West, 17th Floor, Toronto, Ontario, to consider an application by Staff of the Commission (“Staff”) for an order imposing sanctions pursuant to subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5 (the “Act”);

ON READING the Affidavit of Lee Crann, sworn May 8, 2017 (the “Affidavit”) and other materials filed by Staff concerning an appeal of the decisions of the British Columbia Securities Commission (“BCSC”) on which this application is based and a stay of execution of the BCSC Order pending this appeal granted by the British Columbia Court of Appeal and on hearing the submissions of Staff, no one appearing for Larry Keith Davis (the “Respondent”), although properly served as appears from the Affidavit,

IT IS ORDERED that the hearing is adjourned to a date to be requested by Staff and determined by the Registrar.

DATED at Toronto this 15th day of May, 2017

"Philip Anisman "
Philip Anisman