Toronto (Ontario), August 30, 2023 – A motion has been scheduled before a Hearing Panel of the Investment Dealer Division of the Canadian Investment Regulatory Organization (CIRO) in the matter of Michael Patrick White.
The motion is open to the public unless the hearing panel orders otherwise. The decision of the hearing panel will be made available at www.iiroc.ca.
Motion Date: August 31, 2023 at 10:00 am Eastern Time
Location: Toronto, Ontario (via videoconference)
Members of the public who would like to obtain further particulars should fill out this questionnaire.
The motion relates to a disciplinary proceeding initiated against the respondent alleging that Mr. White failed to use due diligence to ensure that his investment recommendations were suitable for certain clients. The Notice of Hearing and Statement of Allegations which sets out the allegations is available at:
The motion is being brought by Michael Patrick White seeking:
- adjournment of the hearing scheduled for September 25-29, 2023, and
- issuance of summonses to witnesses regulated by CIRO.
The alleged violation occurred while the respondent was a Registered Representative with the Ottawa branch of Echelon Wealth Partners Inc. Mr. White 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 is available in the Enforcement section of the IIROC website for investment dealer disciplinary proceedings and the MFDA website for mutual fund dealer disciplinary proceedings.
Background information regarding the qualifications and disciplinary history, if any, of advisors currently employed by CIRO-regulated firms (Investment Dealer Division) is available free of charge through the AdvisorReport service. Information on how to make investment 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.
Other Notices associated with this Enforcement Proceeding:
03/17/22IIROC to Hold Disciplinary Hearing for Michael Patrick WhiteType: Enforcement NoticeSubtype: Hearing
09/13/22IIROC to Hold Disciplinary Hearing for Michael Patrick WhiteType: Enforcement NoticeSubtype: Hearing
11/07/22IN THE MATTER OF Michael Patrick White – MotionType: Enforcement NoticeSubtype: Hearing
11/24/22IN THE MATTER OF Michael Patrick White – MotionType: Enforcement NoticeSubtype: Hearing
05/03/23IN THE MATTER OF Michael Patrick White – Motion DecisionType: Enforcement NoticeSubtype: Decision
08/18/23CIRO to Hold Disciplinary Hearing for Michael Patrick WhiteType: Enforcement NoticeSubtype: Hearing
08/30/23IN THE MATTER OF Michael Patrick White – Motion HearingType: Enforcement NoticeSubtype: Hearing