The Ontario Securities Commission hearing in respect of Arlington Securities Inc. and Samuel Milne has been adjourned until Feb. 4, 2002.

The OSC previously made an order on October 24, extending a temporary order imposing certain terms and conditions on the registration of Arlington and Milne, the sole registered officer of Arlington, pending the conclusion of the hearing.

Arlington’s anniversary date for renewal of registration was November 13, 2001. Arlington was required to be a member of an SRO recognized by the OSC by its anniversary date.

Arlington’s registration has not been renewed, and consequently, the registration of Arlington and its salespersons, partners and officers has been suspended since November 13,.

The OSC has also directed a freeze of all assets of Arlington under the control of Arlington and certain financial institutions. The commission’s application to the Superior Court of Justice for an Order to continue the freeze is scheduled to be heard on November 16.