Enforcement Notice - Hearing - 22-0183 - IN THE MATTER OF Michael Patrick White - Motion

TORONTO, Nov. 24, 2022 /CNW/ - A motion commenced on November 15, 2022 has been scheduled to continue before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) in the matter of Michael Patrick White.

The continuation of 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.

Hearing Date: The motion will be held by way of videoconference on December 5, 2022 at 12:00 p.m.

The motion relates to a disciplinary proceeding initiated against Mr. White.  The allegation is 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:

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

The motion is being brought by Mr. White for an adjournment of the hearing scheduled for December 12, 2022.

IIROC formally initiated the investigation into Mr. White's conduct in September 2020. The alleged violation occurred while he was a Registered Representative with the Ottawa branch of Echelon Wealth Partners Inc., an IIROC-regulated firm. Mr. White is still employed with Echelon Wealth Partners Inc.

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All information about disciplinary proceedings relating to current and former member firms is available in the Enforcement section of the IIROC website.

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

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

IIROC is the pan-Canadian self-regulatory organization that oversees all investment dealers and their trading activity in Canada's debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of 174 Canadian investment dealer firms of varying sizes and business models, and their more than 32,000 registered employees. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and equity marketplaces. For more information, visit www.iiroc.ca.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News

Enforcement Contact: Andrew P. Werbowski, Director, Enforcement Litigation, 416-943-5789, [email protected]; Media Contact: Julia Mackenzie, Public Affairs Specialist, 416 786-1650, [email protected]