Law360 Canada ( July 24, 2019, 8:35 AM EDT) -- Appeal by C2 Ventures and its president Dobson from a decision of a Panel of the Financial and Consumer Affairs Authority that awarded compensation to four investors who the Panel found suffered financial losses caused by the appellants’ breaches of The Securities Act. In 2007, C2 sent a letter to several individuals, seeking investments in a real estate development project. In 2009, C2 informed investors that the project failed, that they did not co-own the project and that their investments were not secured. The appellants acknowledged they contravened registration and prospectus requirements of The Securities Act. In 2013, after negotiations between the Authority and the appellants, the parties obtained a consent order pursuant to which the appellant were to cease trading and were required to pay a $20,000 administrative penalty. The consent order did not address the issue of financial compensation for investors and did not set a date by which the Director had to apply for compensation as required by the Authority’s policy....