CIRO Reviews Motion Against Echelon Wealth Partners

A motion has been filed by Echelon Wealth Partners and Stephen Burns before the Canadian Investment Regulatory Organization (CIRO) to obtain further details on alleged rule contraventions. The allegations include failure to perform due diligence on foreign broker-dealers, act as gatekeepers regarding trading activities in US OTC securities, and maintain proper controls and supervision. The hearing is public unless otherwise specified and will provide a decision that will be published online. The allegations stem from Burns' time as a Registered Representative at Echelon, which has been a CIRO Dealer Member since 2010.