CIRO Hearing to Continue in the Matter of Michael Patrick White

23-0197
Type: Enforcement Notice> Hearing

Contact:

Joanna Nicholson
Manager, Public Affairs
Telephone:
Email:

Toronto (Ontario), December 27, 2023 – A disciplinary hearing was held under the Investment Dealer and Partially Consolidated Rules before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) in the matter of Michael Patrick White on September 25-29, 2023 and November 13, 14, 16, 21, 23, 27 and 28, 2023. The hearing will continue on March 25-27, 2024.

The hearing concerns allegations that Michael Patrick White failed to use due diligence to ensure that his investment recommendations were suitable for certain clients.

The hearing is open to the public unless the hearing panel orders otherwise. The decision of the hearing panel will be made available at www.ciro.ca.

Hearing Dates: March 25-27, 2024

Location: Toronto, Ontario (via videoconference)

Members of the public who would like to obtain further particulars should fill out this questionnaire.

The Notice of Hearing and Statement of Allegations, which set out the allegations, are available at:

White, Michael Patrick – Notice of Hearing and Statement of Allegations

The alleged violation occurred while Michael Patrick White was a Registered Representative with the Ottawa branch of Echelon Wealth Partners Inc. He is no longer a registrant with a CIRO-regulated firm.

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All information about disciplinary proceedings relating to current and former member firms and individual registrants under the Investment Dealer and Partially Consolidated Rules (for investment dealers), the Mutual Fund Dealer Rules (for mutual fund dealers), and the Universal Market Integrity Rules (UMIR) is available on CIRO's website.

Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated investment firms is available free of charge through the AdvisorReport service. Information on how to make dealer, advisor or marketplace-related complaints is available by calling 1-877-442-4322.

CIRO investigates possible misconduct by its member firms and individual registrants. It can bring disciplinary proceedings which may result in sanctions including fines, suspensions, permanent bars, expulsion from membership, or termination of rights and privileges for individuals and firms.

The Canadian Investment Regulatory Organization (CIRO) is the national self-regulatory organization that oversees all investment dealers, mutual fund dealers and trading activity on Canada’s debt and equity marketplaces. CIRO is committed to the protection of investors, providing efficient and consistent regulation, and building Canadians’ trust in financial regulation and the people managing their investments. For more information, visit www.ciro.ca.

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Other Notices associated with this Enforcement Proceeding:

Welcome to CIRO.ca!

You can find the Canadian Investment Regulatory Organization (CIRO) at CIRO.ca with our fresh look and feel.

The following sections of the legacy mfda.ca and iiroc.ca sites have been migrated to ciro.ca:

  • Enforcement
  • Hearings
  • Consultations
  • A unified member directory (Dealers We Regulate)
  • Advisor Report

We will continue moving items off MFDA and IIROC in 2024. Stay tuned for future updates.